Alexander & Baldwin Q2 FFO $0.29 Misses $0.30 Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin (NYSE:ALEX) reported Q2 earnings of $0.29 per share, missing the analyst consensus estimate of $0.30 by 3.33 percent. However, this represents a 480 percent increase over earnings of $0.05 per share from the same period last year.
July 27, 2023 | 8:41 pm
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ALEX's Q2 earnings missed estimates but showed a significant YoY increase. This mixed result may lead to uncertain market reactions.
ALEX's earnings missed the consensus estimate, which could negatively impact the stock. However, the significant YoY increase in earnings could be seen as a positive sign of growth, potentially offsetting the negative impact of the earnings miss. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100