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Shares Of Susquehanna Slip On Earnings Miss

Stock quotes in this article: SUSQ  

NEW YORK (AP) — Shares of Susquehanna Bancshares Inc. tumbled Monday as a handful of analysts cut their profit estimates on the regional bank after it said it expects to report that first-quarter results fell short of expectations.

Shares dropped 97 cents, or 9.2 percent, to $9.61 in afternoon trading.

After the market closed Thursday, the Lititz, Pa.-based bank said it expects to report first-quarter earnings below Wall Street's estimates, due in part to the need to set aside more money to cover loan losses. The market was closed on Friday for the Good Friday holiday. ...

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