SITE Centers Q2 2024 FFO $0.27 Beats $0.24 Estimate, Sales $114.129M Beat $113.504M Estimate
Portfolio Pulse from Benzinga Newsdesk
SITE Centers (NYSE:SITC) reported Q2 2024 earnings per share of $0.27, beating the analyst estimate of $0.24. Sales were $114.129 million, also surpassing the estimate of $113.504 million. However, both earnings and sales were down compared to the same period last year.
July 30, 2024 | 10:34 am
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SITE Centers reported Q2 2024 earnings of $0.27 per share, beating the estimate of $0.24. Sales were $114.129 million, also above the estimate of $113.504 million. Despite beating estimates, both earnings and sales were lower than the same period last year.
SITE Centers' earnings and sales beat analyst estimates, which is positive news and likely to boost the stock price in the short term. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100