Trustco Bank Q3 2024 GAAP EPS $0.68 Beats $0.53 Estimate, Sales $43.579M Beat $40.970M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trustco Bank (NASDAQ:TRST) reported Q3 2024 earnings per share of $0.68, surpassing the analyst estimate of $0.53 by 28.3%. Sales were $43.579 million, exceeding the $40.970 million estimate but down 6.87% from last year.
October 21, 2024 | 8:07 pm
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Trustco Bank's Q3 2024 earnings per share of $0.68 beat expectations by 28.3%, and sales of $43.579 million exceeded estimates, though they were down 6.87% year-over-year.
The significant beat on both EPS and sales estimates is likely to positively impact Trustco Bank's stock price in the short term. However, the year-over-year decline in sales may temper some of the enthusiasm.
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