Heritage Commerce Q3 2024 GAAP EPS $0.17, Inline, Sales $42.16M Beat $41.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Commerce reported Q3 2024 earnings per share of $0.17, meeting analyst expectations, but down 34.62% from last year. Sales were $42.16M, slightly beating estimates but down 11.42% from the previous year.
October 24, 2024 | 10:11 pm
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Heritage Commerce's Q3 2024 earnings per share of $0.17 met expectations but showed a significant decline from last year. Sales slightly exceeded estimates but also decreased year-over-year.
The earnings per share met expectations, which is neutral for the stock price. However, the significant year-over-year decline in both EPS and sales could be a concern for investors, potentially offset by the slight sales beat.
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IMPORTANCE 80
RELEVANCE 100