Finance of America Q4 EPS $(0.09) Misses $(0.08) Estimate, Sales $275.73M Beat $63.22M Estimate
Portfolio Pulse from mahesh@benzinga.com
Finance of America (FOA) reported a Q4 EPS of $(0.09), missing the $(0.08) estimate, and sales of $275.73M, beating the $63.22M estimate. This represents a 200% decrease in EPS and a 326.78% increase in sales from the same period last year.
March 06, 2024 | 9:37 pm
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NEUTRAL IMPACT
Finance of America reported a larger than expected quarterly loss but significantly exceeded sales estimates.
The mixed results with a miss on EPS but a significant beat on sales could lead to neutral short-term stock price movement. Investors might be concerned about the increased losses but encouraged by the substantial sales growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100