Live Oak Bancshares Q2 2024 GAAP EPS $0.59 Beats $0.48 Estimate, Sales $125.479M Beat $120.120M Estimate
Portfolio Pulse from Benzinga Newsdesk
Live Oak Bancshares (NYSE:LOB) reported strong Q2 2024 earnings, with GAAP EPS of $0.59 beating estimates by 22.92% and sales of $125.479M surpassing expectations by 4.46%. This marks significant year-over-year growth in both earnings and sales.
July 24, 2024 | 9:07 pm
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Live Oak Bancshares reported Q2 2024 GAAP EPS of $0.59, beating the $0.48 estimate by 22.92%. Sales of $125.479M also surpassed the $120.120M estimate by 4.46%. This represents significant year-over-year growth in both earnings and sales.
The strong earnings and sales performance, significantly beating analyst estimates and showing substantial year-over-year growth, is likely to positively impact LOB's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100