Arbor Realty Trust Q4 Adj. EPS $0.51 Beats $0.44 Estimate, Sales $103.58M Beat $97.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust (ABR) reported Q4 adjusted EPS of $0.51, surpassing the $0.44 estimate, and sales of $103.58M, exceeding the $97.65M estimate. However, this represents a 15% decrease in EPS and an 8.38% decrease in sales from the same period last year.
February 16, 2024 | 1:21 pm
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Arbor Realty Trust reported higher-than-expected Q4 earnings and sales, but saw decreases compared to last year.
The positive earnings and sales beat are likely to be viewed favorably by investors, potentially leading to a short-term uptick in ABR's stock price. However, the year-over-year declines in both earnings and sales may temper some of the enthusiasm, suggesting a cautious optimism.
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