Phillips Edison Q2 EPS $0.12 Misses $0.13 Estimate, Sales $161.51M Miss $162.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips Edison (NASDAQ: PECO) reported Q2 earnings per share of $0.12, missing the analyst estimate of $0.13. Sales were $161.51 million, slightly below the $162.02 million estimate. Despite the misses, sales increased by 6.16% year-over-year.
July 25, 2024 | 8:20 pm
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Phillips Edison reported Q2 EPS of $0.12, missing the $0.13 estimate. Sales were $161.51M, slightly below the $162.02M estimate but up 6.16% YoY.
The EPS and sales misses, although slight, are likely to negatively impact the stock price in the short term. However, the year-over-year sales growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100