LTC Properties Q2 2024 FFO $0.65 Misses $0.66 Estimate, Sales $50.116M Beat $49.275M Estimate
Portfolio Pulse from Benzinga Newsdesk
LTC Properties reported Q2 2024 earnings per share of $0.65, missing the analyst estimate of $0.66. However, the company beat sales estimates with $50.116 million, a 3.88% increase from the same period last year.
July 29, 2024 | 8:33 pm
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LTC Properties reported Q2 2024 earnings per share of $0.65, missing the analyst estimate of $0.66 by 1.52%. However, the company beat sales estimates with $50.116 million, a 3.88% increase from the same period last year.
The mixed results, with a slight miss on earnings per share but a beat on sales, suggest a neutral short-term impact on LTC's stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100