Piedmont Office Realty Q2 2024 FFO $0.37, Inline, Sales $143.262M Beat $141.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piedmont Office Realty (NYSE:PDM) reported Q2 2024 earnings per share of $0.37, meeting analyst expectations but showing a 17.78% decrease from the previous year. The company reported sales of $143.262 million, beating the estimate of $141.335 million by 1.36% and showing a slight increase from the same period last year.
July 31, 2024 | 9:29 pm
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Piedmont Office Realty reported Q2 2024 earnings per share of $0.37, meeting analyst expectations but showing a 17.78% decrease from the previous year. Sales of $143.262 million beat estimates by 1.36% and showed a slight increase from the same period last year.
The earnings per share met expectations but showed a significant year-over-year decline, which could be seen as a negative. However, the sales beat estimates slightly, which is a positive. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100