Alexander & Baldwin Q4 2023 GAAP EPS $0.12 Beats $0.06 Estimate, Sales $52.90M Beat $49.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin (NYSE:ALEX) reported Q4 2023 earnings of $0.12 per share, surpassing the $0.06 estimate, with sales of $52.90M beating the $49.16M estimate. However, this represents a decrease from the previous year's earnings and sales.
February 28, 2024 | 10:00 pm
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Alexander & Baldwin's Q4 2023 earnings and sales exceeded estimates but showed a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, leading to a cautious optimism.
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IMPORTANCE 80
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