Boston Props Q2 FFO $1.86 Down From $1.94 YoY, Sales $817.15M Beat $799.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Properties (BXP) reported Q2 earnings of $1.86 per share, a decrease of 4.12% YoY. The company's quarterly sales were $817.15 million, beating the analyst consensus estimate of $799.58 million by 2.20% and marking a 5.59% increase YoY.
August 04, 2023 | 10:30 am
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NEUTRAL IMPACT
Boston Properties reported a YoY decrease in Q2 earnings but beat sales estimates. This mixed result could lead to uncertain market reactions.
While Boston Properties reported a decrease in earnings, it beat sales estimates. This mixed result could lead to a neutral market reaction as investors weigh the positive sales performance against the decreased earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100