FTAI Infrastructure Q2 EPS $(0.38) Misses $(0.32) Estimate, Sales $81.83M Miss $84.00M Estimate
Portfolio Pulse from sunil@benzinga.com
FTAI Infrastructure (NASDAQ:FIP) reported Q2 losses of $(0.38) per share, missing the analyst consensus estimate of $(0.32) by 18.75%. This is a 26.67% decrease over losses from the same period last year. The company also reported quarterly sales of $81.83 million, missing the analyst consensus estimate of $84.00 million by 2.58%. However, this is a 24.24% increase over sales from the same period last year.
July 25, 2023 | 8:39 pm
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FTAI Infrastructure's Q2 earnings per share and sales both missed analyst estimates. However, sales increased by 24.24% compared to the same period last year.
FTAI Infrastructure's Q2 earnings per share and sales both missed analyst estimates, which could negatively impact investor sentiment and the stock price in the short term. However, the year-over-year increase in sales could potentially offset some of this negative impact.
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