Hudson Pacific Properties Q1 2024 GAAP EPS $0.17, Inline, Sales $214.023M Miss $214.776M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudson Pacific Properties (NYSE:HPP) reported Q1 2024 earnings of $0.17 per share, meeting analyst estimates but marking a 51.43% decrease from the previous year. Sales were $214.023M, slightly missing estimates by 0.35% and showing a 15.16% decrease from the previous year.
May 01, 2024 | 9:49 pm
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Hudson Pacific Properties reported Q1 2024 earnings of $0.17 per share, in line with estimates but a significant decrease from last year. Sales also decreased, missing estimates slightly.
The reported earnings and sales miss, despite being slight, indicate a significant year-over-year decline in performance. This could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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IMPORTANCE 90
RELEVANCE 100