Burke & Herbert Financial Q2 EPS $(1.41) Down From $0.80 YoY, Sales $69.27M Up From $28.42M YoY
Portfolio Pulse from Benzinga Newsdesk
Burke & Herbert Financial (NASDAQ:BHRB) reported a significant decrease in Q2 EPS to $(1.41) from $0.80 YoY, despite a substantial increase in sales to $69.27M from $28.42M YoY.
July 26, 2024 | 1:20 pm
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Burke & Herbert Financial reported a significant drop in Q2 EPS to $(1.41) from $0.80 YoY, indicating a 276.25% decrease. However, sales increased by 143.76% to $69.27M from $28.42M YoY.
The significant drop in EPS suggests poor profitability, which is likely to negatively impact the stock price in the short term. The increase in sales is a positive sign but may not offset the negative sentiment from the EPS decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100