Industrial Logistics Q2 2024 FFO $0.14, Inline, Sales $110.621M Beat $110.601M Estimate
Portfolio Pulse from Benzinga Newsdesk
Industrial Logistics (NASDAQ:ILPT) reported Q2 2024 earnings of $0.14 per share, meeting analyst expectations and showing a 16.67% increase from last year. Sales were $110.621 million, slightly beating the $110.601 million estimate and marking a 2.39% increase from the previous year.
July 30, 2024 | 8:38 pm
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Industrial Logistics (NASDAQ:ILPT) reported Q2 2024 earnings of $0.14 per share, meeting analyst expectations and showing a 16.67% increase from last year. Sales were $110.621 million, slightly beating the $110.601 million estimate and marking a 2.39% increase from the previous year.
ILPT's earnings met expectations and sales slightly beat estimates, which is generally positive news. The year-over-year growth in both earnings and sales indicates a healthy performance, likely leading to a short-term positive impact on the stock price.
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