Sabra Health Care REIT Q2 FFO $0.33 Down From $0.39 YoY, Sales $161.17M Miss $163.17M Estimate
Portfolio Pulse from bharat@benzinga.com
Sabra Health Care REIT (NASDAQ:SBRA) reported Q2 earnings of $0.33 per share, a 15.38% decrease YoY. The company's quarterly sales were $161.17 million, missing the analyst consensus estimate of $163.17 million by 1.23%, but showing a 3.34% increase over sales of $155.96 million the same period last year.
August 07, 2023 | 8:21 pm
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Sabra Health Care REIT's Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Sabra Health Care REIT reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the stock price in the short term as it indicates the company may be facing challenges in its operations.
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