Preferred Bank Q3 2024 GAAP EPS $2.46 Beats $2.37 Estimate, Sales $68.848M Beat $65.882M Estimate
Portfolio Pulse from Benzinga Newsdesk
Preferred Bank (NASDAQ:PFBC) reported Q3 2024 earnings per share of $2.46, surpassing the analyst estimate of $2.37. The bank's sales were $68.848 million, exceeding the expected $65.882 million, despite a 5.63% decrease from the previous year.
October 21, 2024 | 12:09 pm
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Preferred Bank's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $2.46 and sales at $68.848M. Despite a year-over-year sales decline, the results are positive.
The earnings per share and sales figures both exceeded analyst expectations, which is typically a positive indicator for stock performance. Although there is a year-over-year sales decline, the market often reacts favorably to earnings beats.
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IMPORTANCE 80
RELEVANCE 100