Reported Wednesday, Lake Shore Bancorp Q2 EPS $0.19 Up From $0.14 YoY, Sales $5.94M Down From $6.77M YoY
Portfolio Pulse from Benzinga Newsdesk
Lake Shore Bancorp (NASDAQ:LSBK) reported Q2 earnings per share (EPS) of $0.19, a 35.71% increase from $0.14 YoY. However, sales decreased by 12.16% to $5.94 million from $6.77 million YoY.
July 25, 2024 | 8:02 am
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NEUTRAL IMPACT
Lake Shore Bancorp reported a significant increase in EPS by 35.71% YoY to $0.19, but experienced a 12.16% decline in sales to $5.94 million. This mixed performance may lead to short-term volatility in the stock price.
The increase in EPS is a positive indicator of profitability, but the decline in sales could raise concerns about revenue growth. Investors may react with mixed sentiments, leading to potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100