W.P. Carey Q2 2024 FFO $1.17, Inline, Sales $386.929M Beat $384.141M Estimate
Portfolio Pulse from Benzinga Newsdesk
W.P. Carey (NYSE:WPC) reported Q2 2024 earnings per share (EPS) of $1.17, meeting analyst expectations. The company's quarterly sales were $386.929 million, slightly above the $384.141 million estimate. However, both EPS and sales showed significant declines compared to the same period last year.
July 30, 2024 | 8:10 pm
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NEUTRAL IMPACT
W.P. Carey reported Q2 2024 EPS of $1.17, meeting analyst expectations, and sales of $386.929 million, slightly above estimates. However, both EPS and sales declined significantly year-over-year.
While W.P. Carey met EPS expectations and slightly beat sales estimates, the significant year-over-year declines in both metrics may concern investors. This mixed performance is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100