Retail Opportunity Q1 2024 FFO $0.28 Beats $0.27 Estimate, Sales $85.330M Beat $83.816M Estimate
Portfolio Pulse from Benzinga Newsdesk
Retail Opportunity (NASDAQ:ROIC) reported Q1 2024 FFO of $0.28 per share, surpassing the $0.27 estimate, and sales of $85.330M, exceeding the $83.816M forecast. This represents a 12% increase in earnings and a 7.61% increase in sales from the same period last year.
April 23, 2024 | 9:26 pm
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POSITIVE IMPACT
Retail Opportunity's Q1 2024 FFO and sales exceeded estimates, showing a significant year-over-year growth in both earnings and revenue.
Beating both FFO and sales estimates indicates strong operational performance and could lead to positive investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100