Customers Bancorp Q3 Sales $158.54M Miss $170.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Customers Bancorp reported Q3 sales of $158.54 million, missing the analyst consensus estimate of $170.12 million by 6.80%. This represents a 20.64% decrease from the same period last year.
October 31, 2024 | 8:33 pm
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NEGATIVE IMPACT
Customers Bancorp's Q3 sales were $158.54 million, missing the $170.12 million estimate and down 20.64% from last year.
The significant miss on sales estimates and the year-over-year decline in sales are likely to negatively impact the stock price in the short term as it indicates weaker than expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100