Old Second Bancorp Q3 Adj $0.51 Beats $0.47 Estimate, Sales $86.65M Beat $70.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Second Bancorp (NASDAQ:OSBC) reported Q3 earnings of $0.51 per share, beating estimates of $0.47, despite a year-over-year decrease. Sales were $86.65M, surpassing the $70.70M estimate and showing an 18.85% increase from last year.
October 16, 2024 | 8:32 pm
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Old Second Bancorp reported Q3 earnings of $0.51 per share, exceeding the $0.47 estimate, but down from $0.55 last year. Sales were $86.65M, beating the $70.70M estimate and up 18.85% from last year.
The earnings per share (EPS) and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. Despite a year-over-year decrease in EPS, the significant sales growth and earnings beat suggest a positive short-term impact on the stock price.
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