Retail Opportunity Q2 FFO $0.27 Down From $0.28 YoY, Sales $82.04M Beat $80.00M Estimate
Portfolio Pulse from totan@benzinga.com
Retail Opportunity (NASDAQ:ROIC) reported Q2 earnings of $0.27 per share, a 3.57% decrease YoY. The company's quarterly sales were $82.04 million, beating the analyst consensus estimate of $80.00 million by 2.55% and marking a 4.88% increase YoY.
July 25, 2023 | 8:20 pm
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NEUTRAL IMPACT
Retail Opportunity's Q2 earnings per share decreased by 3.57% YoY, but sales beat estimates and increased YoY.
While the decrease in earnings per share might negatively impact the stock, the increase in sales and beating of estimates could offset this impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100