Orion Office REIT Q3 FFO $0.43 Up From $0.42 YoY, Sales $48.88M Miss $49.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Office REIT (NYSE:ONL) reported Q3 earnings of $0.43 per share, a 2.38% increase YoY. However, the company's quarterly sales of $48.88 million missed the analyst consensus estimate of $49.40 million by 1.06%, marking a 5.24% decrease YoY.
November 09, 2023 | 11:33 pm
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Orion Office REIT's Q3 earnings increased YoY but sales missed estimates and decreased YoY.
Orion Office REIT's earnings have increased YoY, which is a positive sign. However, the company's sales missed estimates and decreased YoY, which could be a concern for investors. This mixed result may lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100