Coastal Financial shares are trading higher after the company reported better-than-expected Q3 EPS results and stated expectations for higher profitability for FY25.
Portfolio Pulse from Benzinga Newsdesk
Coastal Financial shares rose following a report of better-than-expected Q3 EPS results and an optimistic outlook for higher profitability in FY25.
October 28, 2024 | 7:23 pm
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Coastal Financial's shares increased due to better-than-expected Q3 EPS results and a positive forecast for FY25 profitability.
The company's better-than-expected Q3 EPS results directly led to an increase in share price, indicating strong financial performance. Additionally, the positive outlook for FY25 profitability suggests continued growth, which is likely to attract investor interest and further boost the stock price.
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