Finance of America Q1 2024 Adj EPS $(0.03) Beats $(0.06) Estimate, Sales $74.682M Beat $61.970M Estimate
Portfolio Pulse from Benzinga Newsdesk
Finance of America (NYSE:FOA) reported Q1 2024 adjusted EPS of $(0.03), surpassing the $(0.06) estimate, with sales of $74.682M exceeding the $61.970M forecast. This represents a significant improvement in losses per share compared to last year, but a decrease in sales from the same period.
May 06, 2024 | 8:38 pm
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Finance of America reported better-than-expected Q1 2024 earnings and sales, indicating a significant improvement in its financial performance compared to the same period last year.
The positive earnings surprise and sales beat suggest a strong operational performance, likely leading to increased investor confidence and potentially a positive short-term impact on FOA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100