Phillips Edison Q4 EPS $0.11 Beats $0.10 Estimate, Sales $154.45M Beat $153.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips Edison (NASDAQ:PECO) reported Q4 earnings of $0.11 per share, surpassing the $0.10 estimate, and sales of $154.45M, exceeding the $153.79M estimate. This represents a 8.33% decrease in earnings and a 6.49% increase in sales from the same period last year.
February 08, 2024 | 9:18 pm
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Phillips Edison reported higher than expected Q4 earnings and sales, with a slight decrease in earnings but an increase in sales compared to last year.
The positive earnings and sales beat indicate a strong financial performance for Phillips Edison, likely leading to a positive short-term impact on its stock price. The decrease in earnings year-over-year might temper some of the positive sentiment, but the overall growth in sales and beating estimates should outweigh this.
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