Veris Residential Q3 FFO $0.12 Down From $0.15 YoY, Sales $71.48M Beat $69.27M Estimate
Portfolio Pulse from totan@benzinga.com
Veris Residential (NYSE:VRE) reported Q3 earnings of $0.12 per share, a 20% decrease YoY. However, the company's quarterly sales of $71.48 million beat the analyst consensus estimate of $69.27 million by 3.19%. This is a 21.75% decrease over sales of $91.36 million the same period last year.
October 25, 2023 | 10:01 pm
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NEUTRAL IMPACT
Veris Residential's Q3 earnings decreased by 20% YoY, but sales beat estimates by 3.19%.
While Veris Residential's Q3 earnings have decreased YoY, the company managed to beat sales estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100