RBB Bancorp Q1 2024 GAAP EPS $0.43 Beats $0.34 Estimate, Sales $28.249M Beat $27.648M Estimate
Portfolio Pulse from Benzinga Newsdesk
RBB Bancorp (NASDAQ:RBB) reported Q1 2024 earnings of $0.43 per share, surpassing the $0.34 estimate, a 25.86% decrease from last year. Sales reached $28.249M, beating the $27.648M estimate but down 22.53% from the previous year.
April 22, 2024 | 8:48 pm
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RBB Bancorp reported a significant beat on both earnings per share and sales for Q1 2024, despite year-over-year declines in both metrics.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term uptick in stock price. However, the year-over-year decline in both earnings and sales may temper some of the positive impact, suggesting a cautious optimism.
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IMPORTANCE 90
RELEVANCE 100