LXP Industrial Trust Q3 FFO $0.18 Up From $0.17 YoY, Sales $85.42M Miss $85.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust reported Q3 earnings of $0.18 per share, a 5.88% increase YoY. However, the company's quarterly sales of $85.42 million missed the analyst consensus estimate of $85.62 million by 0.23%. This is a 6.66% increase over sales of $80.09 million the same period last year.
October 31, 2023 | 10:01 am
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LXP Industrial Trust's Q3 earnings increased YoY, but sales missed estimates. This mixed result could lead to uncertainty in the market.
LXP Industrial Trust's Q3 earnings beat last year's figures, indicating a positive performance. However, the company's sales missed analyst estimates, which could lead to some market uncertainty. The overall impact on the stock is neutral as the positive and negative news balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100