American Assets Trust Q3 FFO $0.59 Down From $0.63 YoY, Sales $111.20M Beat $106.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Assets Trust (NYSE:AAT) reported Q3 earnings of $0.59 per share, a 6.35% decrease YoY. However, the company's quarterly sales of $111.20 million beat the analyst consensus estimate of $106.87 million by 4.05%, marking a 0.16% increase YoY.
October 24, 2023 | 8:32 pm
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NEUTRAL IMPACT
American Assets Trust's Q3 earnings per share decreased by 6.35% YoY, but sales exceeded estimates by 4.05% and increased by 0.16% YoY.
While the decrease in earnings per share might negatively impact the stock price, the fact that sales beat estimates and increased YoY could offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100