Alexandria Real Estate Q2 EPS $2.24 Up From $2.10 YoY, Sales $713.90M Beat $694.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate (NYSE:ARE) reported Q2 earnings of $2.24 per share, a 6.67% increase YoY. The company's quarterly sales were $713.90 million, beating the analyst consensus estimate of $694.54 million by 2.79% and marking a 10.89% increase YoY.
July 24, 2023 | 8:12 pm
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Alexandria Real Estate reported better than expected Q2 earnings and sales, which could positively impact its stock.
Alexandria Real Estate's Q2 earnings and sales exceeded expectations, which is typically a positive signal for the company's stock. Investors may react positively to this news, potentially driving the stock price up in the short term.
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