Pathfinder Bancorp Q1 EPS $0.34 Down From $0.43 YoY
Portfolio Pulse from Benzinga Newsdesk
Pathfinder Bancorp (NASDAQ:PBHC) reported a decrease in quarterly earnings to $0.34 per share, down 20.93% from $0.43 per share YoY.
April 29, 2024 | 8:21 pm
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NEGATIVE IMPACT
Pathfinder Bancorp reported a significant decrease in quarterly earnings, with EPS falling to $0.34 from $0.43 YoY.
The reported decrease in earnings per share (EPS) by 20.93% YoY is a significant negative development for Pathfinder Bancorp, likely leading to a negative short-term impact on its stock price. Investors typically view declining earnings as a negative indicator of a company's performance and future prospects, which can lead to decreased demand for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100