Franklin Street Props Q3 EPS $0.02 Down From $0.09 YoY, Sales $36.90M Beat $36.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Street Props (AMEX:FSP) reported Q3 earnings of $0.02 per share, a 77.78% decrease YoY. The company's quarterly sales were $36.90 million, beating the analyst consensus estimate of $36.39 million by 1.41%, but representing a 9.63% decrease YoY.
November 07, 2023 | 10:42 pm
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Franklin Street Props reported a significant decrease in Q3 earnings YoY, but managed to beat sales estimates. However, sales also decreased YoY.
The significant decrease in earnings YoY is a negative signal for investors, which could lead to a decrease in the stock price. Despite beating sales estimates, the YoY decrease in sales is also a negative factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100