Fulton Financial Corporation (NASDAQ: FULT) disclosed its financial performance for the third quarter, making the report available to the public. The unveiling of the report took place after the market has concluded for the day.
The performance has piqued the curiosity of investors on Wall Street, as earnings outperformed expectations while revenues failed to meet market projections.
The organization announced in its third quarter report that it earned operating net income of $0.50 per share, in conjunction with total revenues of $262.43 million for the identical three-month period.
The outcomes got better of the wall street predicted $0.44 profit per share, yet failed to meet the expected revenue of $263.4 million.
The quarterly profit reported by the company on a GAAP basis was $0.33 per share, indicating a 21.4 percent decrease from the corresponding period a year earlier.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $0.50 | +16.3% | 262.43 M | +20.2% |
| Historical Earnings Insight | ||||
| Q2 2024 | $0.47 | 0% | 246.28 M | +13.4% |
| Q1 2024 | $0.40 | +2.6% | 211.53 M | -3.9% |
| Q4 2023 | $0.42 | -12.5% | 216.56 M | -5.9% |
| Q3 2023 | $0.43 | -10.4% | 218.28 M | -0.6% |
| Q2 2023 | $0.47 | +11.9% | 217.26 M | +19.2% |
| *Growth on year-over-year basis | ||||
Comparing to the similar quarter of preceding year the earnings per share climbed 16.28 percent, on the other hand revenues advanced 20.23 percent.
Fulton Financial (FULT) closed Tuesday's regular trading session at $18.26, reflecting a 0.72 percent rise, with a volume of 2.50 million shares.
