Hudson Pacific Properties Q3 2023 FFO $0.18 Down From $0.52 YoY, Sales $231.44M Miss $238.37M Estimate
Portfolio Pulse from totan@benzinga.com
Hudson Pacific Properties (NYSE:HPP) reported Q3 2023 earnings of $0.18 per share, a 65.38% decrease YoY. The company's quarterly sales were $231.44 million, missing the analyst consensus estimate of $238.37 million by 2.91%. This represents an 11.10% decrease in sales compared to the same period last year.
November 01, 2023 | 9:13 pm
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Hudson Pacific Properties reported a significant decrease in Q3 2023 earnings and sales, missing estimates. This could negatively impact the company's stock price in the short term.
Hudson Pacific Properties reported a significant decrease in earnings and sales for Q3 2023, missing analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100