Hanmi Financial Q2 2024 GAAP EPS $0.48 Beats $0.47 Estimate, Sales $56.677M Miss $58.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanmi Financial (NASDAQ:HAFC) reported Q2 2024 GAAP EPS of $0.48, beating the estimate of $0.47. However, sales were $56.677M, missing the $58.700M estimate and showing a 10.54% decrease from the same period last year.
July 23, 2024 | 8:14 pm
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Hanmi Financial's Q2 2024 earnings per share beat estimates, but sales missed expectations and decreased year-over-year.
The EPS beat is a positive sign, but the sales miss and year-over-year decline in revenue are concerning. This mixed result may lead to neutral short-term price movement as investors weigh the positive earnings against the negative sales performance.
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RELEVANCE 100