Bancorp shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Bancorp shares declined following the release of disappointing Q3 financial results and lower-than-expected FY24 EPS guidance.
October 25, 2024 | 12:00 pm
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Bancorp's Q3 financial results were worse than expected, and the company issued FY24 EPS guidance below estimates, leading to a decline in share price.
The company's Q3 results did not meet market expectations, and the forward guidance for FY24 EPS was also below estimates. This negative financial performance and outlook are likely to lead to a short-term decline in the stock price as investors react to the news.
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IMPORTANCE 80
RELEVANCE 100