Alpine Income Prop Trust Q2 EPS $0.37 Down From $0.47 YoY, Sales $11.44M Beat $11.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpine Income Prop Trust (NYSE:PINE) reported Q2 earnings of $0.37 per share, a decrease of 21.28% YoY. However, the company's quarterly sales of $11.44 million beat the analyst consensus estimate of $11.20 million by 2.13%, marking a 1.41% increase YoY.
July 20, 2023 | 8:12 pm
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Alpine Income Prop Trust's Q2 earnings per share decreased by 21.28% YoY, but sales exceeded estimates by 2.13%.
While Alpine Income Prop Trust's earnings per share decreased YoY, the company managed to beat sales estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100