Industrial Logistics Q2 FFO $0.12 Down From $0.43 YoY, Sales $108.04M Miss $109.43M Estimate
Portfolio Pulse from bharat@benzinga.com
Industrial Logistics (NASDAQ:ILPT) reported Q2 earnings of $0.12 per share, a 72.09% decrease YoY. The company's quarterly sales were $108.04 million, missing the analyst consensus estimate of $109.43 million by 1.27%. However, this is a 0.77% increase over sales of $107.22 million the same period last year.
July 25, 2023 | 8:25 pm
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Industrial Logistics' Q2 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Industrial Logistics reported a significant decrease in earnings and missed sales estimates. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
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