Kearny Financial Q4 Adj $0.09, Inline, Sales $32.28M Miss $33.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kearny Financial (NASDAQ:KRNY) reported Q4 earnings of $0.09 per share, meeting analyst expectations but representing a 52.63% decrease from the previous year. Quarterly sales were $32.28 million, missing the $33.51 million estimate and showing a 19.67% decline from last year.
July 25, 2024 | 12:42 pm
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Kearny Financial's Q4 earnings met expectations at $0.09 per share, but sales missed estimates at $32.28 million, a 19.67% decline from last year. This mixed result may lead to short-term volatility in the stock price.
While the earnings per share met analyst expectations, the significant year-over-year decline in both earnings and sales, along with the sales miss, could create short-term volatility in KRNY's stock price. Investors may react negatively to the sales miss and the overall decline in financial performance.
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