Pathfinder Bancorp Q3 EPS $(0.75) Down From $0.35 YoY, Sales $13.63M Up From $11.27M YoY
Portfolio Pulse from Benzinga Newsdesk
Pathfinder Bancorp reported a significant decrease in Q3 EPS, down to $(0.75) from $0.35 YoY, despite a 20.96% increase in sales to $13.63M.
October 30, 2024 | 9:00 pm
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Pathfinder Bancorp's Q3 earnings per share fell significantly to $(0.75) from $0.35 YoY, indicating a 314.29% decrease. However, sales increased by 20.96% to $13.63 million.
The significant drop in EPS despite increased sales suggests higher costs or other financial issues impacting profitability, likely leading to negative investor sentiment and short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100