Hudson Pacific Properties Q2 FFO $0.24 Down From $0.51 YoY, Sales $245.17M Beat $237.63M Estimate
Portfolio Pulse from bharat@benzinga.com
Hudson Pacific Properties (NYSE:HPP) reported Q2 earnings of $0.24 per share, a 52.94% decrease YoY. However, the company's quarterly sales of $245.17 million beat the analyst consensus estimate of $237.63 million by 3.17%, despite being a 2.49% decrease from the same period last year.
August 04, 2023 | 10:34 am
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NEUTRAL IMPACT
Hudson Pacific Properties reported a significant decrease in Q2 earnings YoY, but beat sales estimates. This mixed result could lead to uncertain market reactions.
Hudson Pacific Properties reported a significant decrease in earnings, which could negatively impact the stock. However, the company beat sales estimates, which is generally viewed positively by the market. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100