Prologis Q2 Core FFO $1.83 Up From $1.11 YoY, Sales $1.65B Miss $1.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis reported Q2 earnings of $1.83 per share, a 64.86% increase YoY. However, the company's quarterly sales of $1.65 billion missed the analyst consensus estimate of $1.69 billion by 2.25%.
July 18, 2023 | 12:02 pm
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NEUTRAL IMPACT
Prologis' Q2 earnings per share increased significantly YoY, but sales missed analyst estimates.
Prologis' Q2 earnings per share increased significantly year over year, which is a positive signal for investors. However, the company's sales missed analyst estimates, which could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100