Arbor Realty Trust Q1 EPS $0.47 Beats $0.41 Estimate, Sales $103.62M Beat $89.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust (NYSE:ABR) reported Q1 earnings of $0.47 per share, surpassing the $0.41 estimate, and sales of $103.62M, exceeding the $89.95M estimate. This represents a 24.19% decrease in earnings and a 4.57% decrease in sales from the same period last year.
May 03, 2024 | 12:17 pm
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Arbor Realty Trust reported higher than expected Q1 earnings and sales, with EPS at $0.47 and sales at $103.62M, beating estimates.
The positive earnings and sales beat indicate a strong performance by Arbor Realty Trust, likely leading to a positive short-term impact on its stock price. Despite the year-over-year declines, beating analyst expectations is a strong positive signal to investors.
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