Old Second Bancorp Q2 2024 Sales $70.817M Beat $69.805M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Second Bancorp (NASDAQ:OSBC) reported Q2 2024 sales of $70.817 million, beating the analyst consensus estimate of $69.805 million by 1.45%. However, this represents a 1.37% decrease from the same period last year.
July 17, 2024 | 8:22 pm
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Old Second Bancorp reported Q2 2024 sales of $70.817 million, surpassing the analyst estimate of $69.805 million by 1.45%. Despite this beat, sales decreased by 1.37% compared to the same period last year.
The positive earnings surprise is likely to have a short-term positive impact on OSBC's stock price. However, the year-over-year decline in sales may temper investor enthusiasm.
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IMPORTANCE 70
RELEVANCE 100