FTAI Aviation Q1 2024 GAAP EPS $0.31 Misses $0.33 Estimate, Sales $326.694M Beat $301.520M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Aviation (NASDAQ:FTAI) reported Q1 2024 earnings of $0.31 per share, missing the $0.33 estimate, but sales of $326.694M exceeded the $301.520M forecast. This represents a 40.91% increase in earnings and an 11.61% increase in sales from the same period last year.
April 25, 2024 | 8:53 pm
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FTAI Aviation reported Q1 2024 earnings of $0.31 per share, missing estimates, but sales of $326.694M exceeded expectations, showing strong year-over-year growth.
While FTAI missed the EPS estimate, the significant beat on sales and the year-over-year growth in both earnings and sales could balance investor sentiment. The miss on EPS might cause some short-term negative reaction, but the strong sales figures and growth rates are likely to mitigate this impact, leading to a neutral short-term price direction.
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