Greenlight Capital Re Q4 EPS $0.50 Beats $0.42 Estimate, Sales $155.49M Up From $145.51M YoY
Portfolio Pulse from Benzinga Newsdesk
Greenlight Capital Re (GLRE) reported Q4 earnings of $0.50 per share, surpassing the $0.42 estimate, a 19.05% beat. However, this represents a 45.05% decrease from last year's $0.91 per share. Sales rose to $155.49M, a 6.85% increase from $145.51M YoY.
March 05, 2024 | 11:00 pm
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Greenlight Capital Re reported a Q4 EPS of $0.50, beating estimates but showing a YoY decrease. Sales increased to $155.49M.
The positive earnings beat and sales growth are likely to be viewed favorably by investors, potentially leading to a short-term uptick in GLRE's stock price. However, the significant year-over-year decrease in earnings per share might temper some of the positive sentiment.
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