FTAI Infrastructure Q1 2024 GAAP EPS $(0.54) Misses $(0.34) Estimate, Sales $82.535M Miss $93.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Infrastructure (NASDAQ:FIP) reported Q1 2024 earnings with a GAAP EPS of $(0.54), missing the $(0.34) estimate, and sales of $82.535M, below the $93.700M estimate. This represents a 35% increase in losses and a 7.90% increase in sales from the same period last year.

May 07, 2024 | 8:29 pm
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FTAI Infrastructure reported a significant miss in Q1 2024 earnings and sales, with a 35% increase in losses and a 7.90% increase in sales year-over-year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with an increase in losses from the previous year, is likely to negatively impact investor sentiment and the stock price of FTAI Infrastructure in the short term. The reported figures indicate underperformance and may lead to a reassessment of the company's financial health and future prospects by investors.
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