The First Bancorp Q1 EPS $0.54 vs $0.72 YoY
Portfolio Pulse from Benzinga Newsdesk
The First Bancorp reported a decrease in its Q1 earnings per share (EPS) to $0.54 from $0.72 year-over-year.
April 17, 2024 | 8:29 pm
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NEGATIVE IMPACT
The First Bancorp's Q1 EPS decreased to $0.54 from $0.72 year-over-year, indicating a potential concern for investors.
A decrease in earnings per share (EPS) typically signals a reduction in profitability, which can negatively impact investor sentiment and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100