Digital Realty Trust Q4 2023 FFO $1.63 Misses $1.64 Estimate, Sales $1.40B Beat $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Digital Realty Trust (DLR) reported Q4 2023 earnings of $1.63 per share, missing the consensus estimate of $1.64 by 0.61%. Sales were $1.40B, exceeding the $1.39B estimate by 0.41%, marking a 13.54% increase from the previous year.
February 15, 2024 | 9:06 pm
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Digital Realty Trust reported Q4 2023 earnings of $1.63 per share, missing estimates by 0.61%, but sales of $1.40B exceeded expectations by 0.41% and grew 13.54% YOY.
The slight miss in earnings per share (EPS) might concern some investors, potentially putting downward pressure on the stock. However, the beat on sales and significant year-over-year growth could counterbalance concerns, suggesting a neutral short-term impact. The company's performance indicates solid revenue growth, which is a positive sign for investors.
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IMPORTANCE 90
RELEVANCE 100