FTAI Infrastructure Q3 EPS $(0.55) Misses $(0.21) Estimate, Sales $80.71M Miss $101.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
FTAI Infrastructure (NASDAQ:FIP) reported Q3 losses of $(0.55) per share, missing the analyst consensus estimate of $(0.21) by 161.9%. This is a 27.91% decrease over losses from the same period last year. The company also reported quarterly sales of $80.71 million, missing the analyst consensus estimate of $101.00 million by 20.09%. However, this is a 2.73% increase over sales from the same period last year.
October 26, 2023 | 8:51 pm
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FTAI Infrastructure reported a larger than expected loss and lower than expected sales for Q3. This could negatively impact the stock in the short term.
FTAI Infrastructure reported a larger than expected loss for Q3, which is likely to negatively impact investor sentiment and could lead to a decrease in the stock price. Additionally, the company's sales were lower than expected, which could further dampen investor sentiment.
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