Rhinebeck Bancorp Q3 EPS $(0.75) Down From $0.11 YoY
Portfolio Pulse from Benzinga Newsdesk
Rhinebeck Bancorp reported a significant decrease in earnings for Q3, with a loss of $(0.75) per share compared to a profit of $0.11 per share in the same period last year.
October 24, 2024 | 8:29 pm
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Rhinebeck Bancorp reported a Q3 loss of $(0.75) per share, a significant decline from last year's $0.11 EPS, indicating potential financial challenges.
The reported Q3 loss of $(0.75) per share is a drastic decline from the previous year's profit of $0.11 per share, suggesting significant financial issues. This is likely to negatively impact the stock price in the short term as investors react to the poor earnings performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100