West Bancorp Q1 2024 GAAP EPS $0.35 Beats $0.27 Estimate, Sales $19.049M Beat $18.890M Estimate
Portfolio Pulse from Benzinga Newsdesk
West Bancorp (NASDAQ:WTBA) reported Q1 2024 earnings of $0.35 per share, surpassing the $0.27 estimate, with sales of $19.049M also beating the $18.890M estimate. However, this represents a decrease from the previous year's earnings and sales.
April 25, 2024 | 12:09 pm
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West Bancorp reported higher-than-expected Q1 2024 earnings and sales, indicating a strong performance despite a year-over-year decline.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. Despite the year-over-year decline, the immediate reaction to surpassing analyst expectations can lead to increased investor confidence and a potential uptick in stock price.
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