Southern Calif Bancorp Q2 EPS $0.01 Down From $0.36 YoY, Sales $22.18M Down From $24.52M YoY
Portfolio Pulse from Benzinga Newsdesk
Southern Calif Bancorp (NASDAQ:BCAL) reported a significant decline in its Q2 earnings per share (EPS) to $0.01, down 97.22% from $0.36 YoY. Sales also decreased by 9.57% to $22.18 million from $24.52 million YoY.
July 29, 2024 | 12:11 pm
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NEGATIVE IMPACT
Southern Calif Bancorp reported a drastic 97.22% decline in Q2 EPS to $0.01 and a 9.57% decrease in sales to $22.18 million YoY. This significant drop in earnings and revenue is likely to negatively impact the stock price in the short term.
The substantial decline in both EPS and sales indicates a weaker financial performance, which is likely to lead to a negative market reaction and a drop in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100