Franklin Street Props Q2 2024 FFO $0.04, Inline, Sales $30.830M Beat $30.702M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Street Properties (AMEX:FSP) reported Q2 2024 earnings per share of $0.04, meeting analyst expectations but showing a 42.86% decrease from the previous year. The company also reported sales of $30.83 million, slightly beating the $30.702 million estimate but reflecting a 14.99% decline from the same period last year.
July 30, 2024 | 8:50 pm
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Franklin Street Properties reported Q2 2024 earnings per share of $0.04, meeting analyst expectations but showing a significant year-over-year decline. Sales slightly beat estimates but also showed a notable year-over-year decrease.
While Franklin Street Properties met earnings expectations and slightly beat sales estimates, the significant year-over-year declines in both earnings per share and sales are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100