Towne Bank shares are trading lower after the company reported worse-than-expected Q3 revenue results.
Portfolio Pulse from Benzinga Newsdesk
Towne Bank shares declined following the release of disappointing Q3 revenue results.
October 24, 2024 | 4:11 pm
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Towne Bank's shares are trading lower due to worse-than-expected Q3 revenue results, indicating a negative market reaction to the company's financial performance.
The company's Q3 revenue results were below expectations, leading to a decline in share price as investors react negatively to the financial performance. This suggests a short-term negative impact on the stock price.
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