Digital Realty Sees FY24 Core FFO $6.60-$6.75 Vs $6.83 Est.; Revenue $5.550B-$5.650B Vs $5.760B Est.
Portfolio Pulse from Benzinga Newsdesk
Digital Realty forecasts its FY24 Core FFO to range between $6.60 and $6.75, compared to the estimated $6.83. The company also projects its revenue to be between $5.550 billion and $5.650 billion, which is below the estimated $5.760 billion.
February 15, 2024 | 9:08 pm
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Digital Realty forecasts its FY24 Core FFO to be below the estimated $6.83 and expects revenue to fall short of the $5.760 billion estimate.
The forecasted Core FFO and revenue for FY24 being below estimates could lead to a negative short-term impact on Digital Realty's stock price. Investors often react to earnings forecasts, especially when they do not meet or exceed analyst expectations. The lower-than-expected revenue forecast could indicate potential challenges in growth or market conditions, influencing investor sentiment negatively.
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