Phillips Edison Q3 EPS $0.10 Misses $0.11 Estimate, Sales $152.47M Beat $151.56M Estimate
Portfolio Pulse from bharat@benzinga.com
Phillips Edison (NASDAQ:PECO) reported Q3 earnings of $0.10 per share, missing the analyst consensus estimate of $0.11 by 9.09%. However, the company's quarterly sales of $152.47 million beat the estimate of $151.56 million by 0.60%. This represents a 4.68% increase over sales from the same period last year.
October 31, 2023 | 8:38 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Phillips Edison's Q3 earnings missed estimates but sales exceeded expectations.
While the company's earnings missed estimates, the beat on sales could offset the negative impact. Investors may react differently to these mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100