Phillips Edison Q2 EPS $0.12 Beats $0.10 Estimate, Sales $152.14M Beat $147.08M Estimate
Portfolio Pulse from bharat@benzinga.com
Phillips Edison (NASDAQ:PECO) reported Q2 earnings of $0.12 per share, beating the analyst consensus estimate of $0.10 by 20%. The company also reported quarterly sales of $152.14 million, surpassing the analyst consensus estimate of $147.08 million by 3.44%. This represents a 6.75% increase over sales of $142.52 million in the same period last year.
August 04, 2023 | 10:30 am
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Phillips Edison's Q2 earnings and sales beat estimates, which could lead to a positive short-term impact on the stock.
Phillips Edison reported better than expected Q2 earnings and sales, which is typically a positive signal for the stock. Investors often react positively to earnings beats, which could drive the stock price up in the short term.
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