Realty Income Q3 EPS $1.02 Beats $1.00 Estimate, Sales $1.04B Miss $1.04B Estimate
Portfolio Pulse from mahesh@benzinga.com
Realty Income reported Q3 earnings of $1.02 per share, beating the analyst consensus estimate of $1.00 by 2%. However, the company's quarterly sales of $1.04 billion missed the analyst consensus estimate of $1.04 billion by 0.10%. The earnings represent a 4.08% increase from last year, while the sales represent a 24.09% increase from the same period last year.
November 06, 2023 | 9:22 pm
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NEUTRAL IMPACT
Realty Income's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Realty Income's earnings beat estimates, which is typically positive for the stock. However, the company's sales missed estimates, which could offset some of the positive sentiment. The net impact on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100