Stock Track | Pathward Financial Shares Plunge on Lackluster Q3 Earnings

Stock Track

Oct 24, 2024

Shares of Pathward Financial (CASH.OQ) tumbled 5.56% on Wednesday after the company reported mixed results for the third quarter of 2024, missing Wall Street's earnings expectations.

The financial services firm posted adjusted earnings of $1.35 per share for the quarter ended September 30, narrowly beating analysts' average estimate of $1.28 per share. However, the earnings fell short of the $1.36 per share reported in the same quarter last year, indicating a year-over-year decline in profitability.

While Pathward Financial's revenue grew 4.3% year-over-year to $167.93 million, beating analysts' expectations of $166.93 million, the company's net income for the quarter stood at $33.25 million, down from the previous year's figure.

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However, the earnings fell short of the $1.36 per share reported in the same quarter last year, indicating a year-over-year decline in profitability.</p>\n\n<p>While Pathward Financial's revenue grew 4.3% year-over-year to $167.93 million, beating analysts' expectations of $166.93 million, the company's net income for the quarter stood at $33.25 million, down from the previous year's figure.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CASH","symbol_name":"Pathward Financial","start_time":0,"source_url":"","article_id":"1189502879","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189502879","pubTimestamp":1729777480,"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":"Shares of Pathward Financial  tumbled 5.56% on Wednesday after the company reported mixed results for the third quarter of 2024, missing Wall Street's earnings expectations.The financial services firm posted adjusted earnings of $1.35 per share for the quarter ended September 30, narrowly beating analysts' average estimate of $1.28 per share. 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