Chemung Financial Q1 EPS $1.48 Down From $1.54 YoY
Portfolio Pulse from Benzinga Newsdesk
Chemung Financial (NASDAQ:CHMG) reported a decrease in quarterly earnings to $1.48 per share, down from $1.54 per share year-over-year, marking a 3.9% decline.
April 18, 2024 | 8:34 pm
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Chemung Financial reported a 3.9% decrease in quarterly earnings, with EPS falling to $1.48 from $1.54 year-over-year.
The reported decrease in earnings per share (EPS) is likely to negatively impact investor sentiment towards CHMG in the short term, as it reflects a downturn in profitability compared to the previous year.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100