Alexander & Baldwin Q1 2024 GAAP EPS $0.28 Beats $0.12 Estimate, Sales $61.202M Beat $49.067M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin (NYSE:ALEX) reported Q1 2024 earnings of $0.28 per share, surpassing the $0.12 estimate, a 300% increase from last year. Sales reached $61.202M, beating the $49.067M estimate, up 21.43% from the previous year.
April 25, 2024 | 9:00 pm
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Alexander & Baldwin's Q1 2024 earnings and sales significantly exceeded estimates, indicating strong financial health and growth.
The substantial beat on both earnings per share (EPS) and sales estimates for Q1 2024 suggests Alexander & Baldwin is performing significantly better than expected. A 300% increase in EPS and a 21.43% increase in sales year-over-year are strong indicators of the company's growth and operational efficiency. This performance is likely to positively influence investor sentiment and could lead to an uptick in ALEX's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100