Investing.com - Orrstown reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orrstown announced earnings per share of $0.52 on revenue of $33.48. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $31.4M.
Orrstown shares are down 2% from the beginning of the year and are trading at $24.86 , down-from-52-week-high.
Orrstown follows other major Financial sector earnings this month
Orrstown's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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