How did CPF's Q2 2024 earnings surprise impact short-term traders?
4/6/2025 05:39pm
Central Pacific Financial (CPF) reported an earnings per share (EPS) surprise of $0.1, with a diluted EPS of $0.58 for Q2 2024. Despite this positive EPS surprise, the stock experienced a negative performance in the immediate aftermath of the earnings release. The stock price decreased by 1.03% on the next trading day, August 1, 2024, compared to the previous trading day, July 30, 2024. This suggests that short-term traders may have reacted negatively to the earnings report, potentially due to concerns about the company's financial performance or future prospects.