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.
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