Office Props IT Q2 2024 FFO $0.68 Beats $0.64 Estimate, Sales $123.686M Beat $123.601M Estimate
Portfolio Pulse from Benzinga Newsdesk
Office Properties Income Trust (NASDAQ: OPI) reported Q2 2024 earnings per share of $0.68, beating the analyst estimate of $0.64. The company also reported sales of $123.686 million, slightly above the $123.601 million estimate. However, sales decreased by 7.69% compared to the same period last year.
July 31, 2024 | 8:51 pm
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Office Properties Income Trust (NASDAQ: OPI) reported Q2 2024 earnings per share of $0.68, beating the analyst estimate of $0.64. The company also reported sales of $123.686 million, slightly above the $123.601 million estimate. However, sales decreased by 7.69% compared to the same period last year.
OPI's earnings per share and sales both beat analyst estimates, which is generally positive for the stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100