Corus Bankshares slips 15% after missing Q1 profit expectation
Corus Bankshares, Inc. (Nasdaq:CORS) shares are slumping more than 15% after the Chicago-based bank holding company announced the elimination of its dividend and reported first-quarter earnings of $4.5 million, or $0.08 per share, which widely missed Wall Street’s expectation of earning $0.21 per share. The firm earned $26.4 million, or $0.46 per share, a year earlier.
In Wednesday morning trading, CORS shares are down 15.59%, or $1.50, at $8.07. For detailed price information and recent news stories about Corus Bankshares, click CORS.
