Vornado Realty Q3 Adjusted FFO $0.66 Vs $0.81 Prior Year, Sales $450.995M Miss $451.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vornado Realty (NYSE:VNO) reported Q3 Adjusted FFO of $0.66 per share, a decrease of 18.52% from the same period last year. The company's quarterly sales were $450.995 million, missing the analyst consensus estimate of $451.46 million by 0.10% and marking a 1.41% decrease from last year.
October 30, 2023 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Vornado Realty's Q3 results show a decrease in Adjusted FFO and sales compared to last year, and also missed analyst estimates. This could potentially impact the company's stock negatively in the short term.
Vornado Realty's Q3 results show a decrease in both Adjusted FFO and sales compared to the same period last year, and also missed analyst estimates. This underperformance could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100