Brookfield Bus Partners Q1 2024 FFO $1.53 Beats $0.86 Estimate, Sales $12.056B Miss $15.988B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield Bus Partners (BBU) reported Q1 2024 FFO of $1.53 per share, surpassing the $0.86 estimate, but their sales of $12.056B fell short of the $15.988B estimate. This represents a decrease in both earnings and sales from the previous year.
May 03, 2024 | 11:12 am
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Brookfield Bus Partners reported a strong FFO beat but missed on sales for Q1 2024, with a decrease in both metrics compared to last year.
While BBU's FFO significantly exceeded expectations, the miss on sales and the year-over-year decline in both earnings and sales could lead to mixed reactions in the short term. The strong beat on FFO may offset concerns about the sales miss to some extent, but the overall decrease compared to the previous year might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100