MVB Financial Q2 EPS $0.31 Misses $0.36 Estimate
Portfolio Pulse from Benzinga Newsdesk
MVB Financial (NASDAQ:MVBF) reported Q2 earnings per share of $0.31, missing the analyst consensus estimate of $0.36 by 13.89%. This represents a 50.79% decrease from the same period last year.
July 29, 2024 | 8:51 pm
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MVB Financial reported Q2 EPS of $0.31, missing the $0.36 estimate by 13.89% and showing a 50.79% decrease from last year. This negative earnings surprise is likely to put downward pressure on the stock price in the short term.
The significant miss on earnings per share and the large year-over-year decrease in EPS are likely to negatively impact investor sentiment and put downward pressure on MVBF's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100