Brookfield Q1 2024 Adj EPS $0.77 Beats $0.73 Estimate, Sales $22.907B Beat $1.154B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield reported Q1 2024 adjusted EPS of $0.77, surpassing the $0.73 estimate, with sales of $22.907B exceeding the $1.154B forecast. This represents a slight decrease in sales from the previous year.

May 09, 2024 | 11:03 am
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Brookfield's Q1 2024 earnings and sales exceeded analyst expectations, with a minor decrease in sales compared to last year.
Exceeding both EPS and sales estimates significantly, especially by such a large margin in sales, typically results in a positive short-term impact on the stock price. The slight decrease in sales year-over-year is noted but is overshadowed by the substantial beat on expectations.
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