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.
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