Douglas Emmett Q2 FFO $0.48 Down From $0.51 YoY, Sales $253.41M Beat $253.38M Estimate
Portfolio Pulse from totan@benzinga.com
Douglas Emmett (NYSE:DEI) reported Q2 earnings of $0.48 per share, a decrease of 5.88% YoY. However, the company's quarterly sales of $253.41 million beat the analyst consensus estimate of $253.38 million by 0.01%, marking a 2.61% increase YoY.
August 04, 2023 | 10:34 am
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Douglas Emmett's Q2 earnings decreased by 5.88% YoY, but sales beat estimates and increased by 2.61% YoY.
While Douglas Emmett's earnings have decreased, the company has managed to beat sales estimates and increase sales YoY. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100