Provident Bancorp Sees Misses in Earnings and Revenue Quarterly Report
Monday, 29 July 2024, 21:38
Provident Bancorp Earnings Report Overview
Provident Bancorp reported a GAAP EPS loss of -0.20, missing expectations by $0.25. Alongside this, the revenue for the quarter amounted to $13.48 million, missing projections by $0.72 million.
Key Financial Figures
- GAAP EPS: -$0.20
- Revenue: $13.48 million
- Revenue Miss: $0.72 million
Conclusion
These results indicate the challenges that Provident Bancorp is currently facing in the market. Adjustments in strategy may be necessary for improving future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.