California Bank of Commerce Reports Q2 Loss, Lags Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Quarterly Performance: California Bank of Commerce reported a quarterly loss of $0.68 per share, missing the Zacks Consensus Estimate of $0.52 and showing a significant decline from earnings of $0.65 per share a year ago. The company also missed revenue expectations with $18.34 million for the quarter, compared to $19.78 million a year prior.
Future Outlook: The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Investors are advised to monitor upcoming earnings estimate revisions and industry outlook, as these factors could significantly influence the stock's future performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
