Highwoods Props Q3 FFO $0.93 Down From $1.04 YoY, Sales $207.09M Beat $206.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Highwoods Props (NYSE:HIW) reported Q3 earnings of $0.93 per share, a 10.58% decrease YoY. The company's quarterly sales were $207.09 million, beating the analyst consensus estimate of $206.88 million by 0.10% and marking a 0.05% increase YoY.
October 24, 2023 | 8:23 pm
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NEUTRAL IMPACT
Highwoods Props reported a YoY decrease in Q3 earnings but beat sales estimates. This mixed result could lead to uncertain market reactions.
Highwoods Props reported a decrease in earnings, which could negatively impact the stock. However, the company beat sales estimates, which is generally a positive signal. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100