Hope Bancorp Q2 2024 Adj EPS $0.22, Inline, Sales $116.931M Miss $121.270M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hope Bancorp (NASDAQ:HOPE) reported Q2 2024 earnings per share of $0.22, meeting analyst expectations. However, the company's sales of $116.931 million missed the $121.270 million estimate and represented a 20.83% decline from the same period last year.
July 29, 2024 | 12:09 pm
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Hope Bancorp reported Q2 2024 earnings per share of $0.22, meeting analyst expectations. However, the company's sales of $116.931 million missed the $121.270 million estimate and represented a 20.83% decline from the same period last year.
While the EPS met expectations, the significant miss on sales and the year-over-year decline in revenue are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100