LTC Properties Q2 EPS $0.66 Up From $0.64 YoY, Sales $31.54M Miss $47.25M Estimate
Portfolio Pulse from sunil@benzinga.com
LTC Properties reported Q2 earnings of $0.66 per share, a 3.13% increase YoY. However, the company's quarterly sales of $31.54 million missed the analyst consensus estimate of $47.25 million by 33.26%, marking a 0.29% decrease YoY.
July 27, 2023 | 8:41 pm
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NEGATIVE IMPACT
LTC Properties reported a YoY increase in Q2 earnings but missed sales estimates significantly.
While LTC Properties reported a YoY increase in Q2 earnings, the significant miss in sales estimates could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100