Brookfield Infr Partners Q4 FFO $0.79 Misses $0.80 Estimate. FY23 Revenue $17.93B Vs. $1.523B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield Infrastructure Partners (BIP) reported a Q4 FFO of $0.79, missing the estimated $0.80. The FY23 revenue was $17.93B, significantly exceeding the $1.523B estimate.
February 01, 2024 | 11:58 am
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POSITIVE IMPACT
Brookfield Infrastructure Partners reported a slight miss in Q4 FFO but significantly exceeded revenue estimates for FY23.
While the slight miss in Q4 FFO might concern some investors, the substantial outperformance in FY23 revenue is likely to positively impact investor sentiment and potentially the stock price in the short term. The significant beat on revenue expectations indicates strong operational performance and could lead to upward revisions in future earnings estimates.
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RELEVANCE 100