First Bancorp Q3 EPS $0.45 Misses $0.70 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancorp reported Q3 earnings of $0.45 per share, missing the analyst estimate of $0.70 and showing a significant decrease from last year's $0.73 per share.
October 23, 2024 | 8:35 pm
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NEGATIVE IMPACT
First Bancorp's Q3 earnings per share of $0.45 fell short of the expected $0.70, marking a 38.36% decline from the previous year's $0.73. This significant miss could negatively impact investor sentiment and the stock price in the short term.
The earnings miss of 35.71% against analyst expectations and a year-over-year decline of 38.36% are likely to lead to negative investor sentiment. This could result in a short-term decline in the stock price as the market reacts to the disappointing financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100