FTAI Infrastructure Q4 2023 GAAP EPS $(0.470) Misses $(0.370) Estimate, Sales $81.440M Miss $89.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Infrastructure (NASDAQ:FIP) reported Q4 2023 GAAP EPS of $(0.470), missing the $(0.370) estimate, with sales of $81.440M also missing the $89.000M estimate. This represents a 14.08% increase in sales compared to the same period last year.
February 29, 2024 | 9:26 pm
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NEGATIVE IMPACT
FTAI Infrastructure reported a Q4 2023 GAAP EPS of $(0.470), missing estimates, and sales of $81.440M, also below expectations but showing a 14.08% YOY increase.
Missing both EPS and sales estimates typically has a negative short-term impact on a company's stock price. However, the year-over-year increase in sales might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100