Apartment Inv & Mgmt Q3 EPS $(0.02) Beats $(0.05) Estimate, Sales $47.70M Beat $46.60M Estimate
Portfolio Pulse from mahesh@benzinga.com
Apartment Inv & Mgmt (NYSE:AIV) reported Q3 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.05) by 60%. The company also reported quarterly sales of $47.70 million, beating the analyst consensus estimate of $46.60 million by 2.36%. However, this represents a 110.53% decrease in earnings and a 0.04% increase in sales compared to the same period last year.
November 06, 2023 | 10:13 pm
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Apartment Inv & Mgmt reported better than expected Q3 results, but with a significant YoY decrease in earnings. This mixed result could lead to uncertain short-term price movements.
While AIV beat Q3 estimates, the significant YoY decrease in earnings could be a concern for investors. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100