Live Oak Bancshares Q1 2024 GAAP EPS $0.36 Misses $0.45 Estimate, Sales $116.208M Miss $116.660M Estimate
Portfolio Pulse from Benzinga Newsdesk
Live Oak Bancshares (LOB) reported Q1 2024 earnings of $0.36 per share, missing the consensus estimate of $0.45, and sales of $116.208M, slightly below the estimate of $116.660M. This represents a significant increase in earnings and a solid increase in sales from the same period last year.
April 24, 2024 | 8:47 pm
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Live Oak Bancshares reported lower-than-expected Q1 2024 earnings and sales, missing estimates but showing significant year-over-year growth.
Missing earnings and sales estimates can negatively impact investor sentiment and stock price in the short term, despite the significant year-over-year growth. The substantial miss on earnings per share (20%) and the slight miss on sales forecasts could lead to a negative market reaction.
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