Stock Track | First Foundation Plummets 9.27% on Disappointing Q4 Earnings Miss

Stock Track

Jan 30

First Foundation Inc. (NYSE: FFWM) shares plummeted 9.27% during the pre-market session on Thursday after the company reported disappointing fourth-quarter earnings results that missed analyst expectations.

The financial services company reported a quarterly net loss of $0.17 per share, significantly missing the consensus estimate of $0.05 earnings per share. Additionally, First Foundation's quarterly revenue of $64.68 million fell short of the $66.15 million expected by analysts.

The dismal earnings performance highlighted challenges faced by the company, prompting investors to reevaluate their positions and leading to a sharp sell-off in the stock. The company's shares traded at a 9.27% discount compared to the previous session's closing price, reflecting the market's reaction to the disappointing financial results.

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(NYSE: FFWM) shares plummeted 9.27% during the pre-market session on Thursday after the company reported disappointing fourth-quarter earnings results that missed analyst expectations.</p>\n\n<p>The financial services company reported a quarterly net loss of $0.17 per share, significantly missing the consensus estimate of $0.05 earnings per share. Additionally, First Foundation's quarterly revenue of $64.68 million fell short of the $66.15 million expected by analysts.</p>\n\n<p>The dismal earnings performance highlighted challenges faced by the company, prompting investors to reevaluate their positions and leading to a sharp sell-off in the stock. The company's shares traded at a 9.27% discount compared to the previous session's closing price, reflecting the market's reaction to the disappointing financial results.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FFWM","symbol_name":"First Foundation","start_time":0,"source_url":"","article_id":"1176313683","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176313683","pubTimestamp":1738247596,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"First Foundation Inc.  shares plummeted 9.27% during the pre-market session on Thursday after the company reported disappointing fourth-quarter earnings results that missed analyst expectations.The financial services company reported a quarterly net loss of $0.17 per share, significantly missing the consensus estimate of $0.05 earnings per share. 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