Tanger Q2 2024 FFO $0.53 Beats $0.52 Estimate, Sales $128.956M Beat $122.216M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tanger (NYSE: SKT) reported Q2 2024 earnings per share of $0.53, beating the analyst estimate of $0.52. The company also reported sales of $128.956 million, surpassing the $122.216 million estimate and marking a 16.55% increase from the same period last year.
August 01, 2024 | 8:47 pm
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Tanger (NYSE: SKT) reported Q2 2024 earnings per share of $0.53, beating the analyst estimate of $0.52. The company also reported sales of $128.956 million, surpassing the $122.216 million estimate and marking a 16.55% increase from the same period last year.
Tanger's better-than-expected earnings per share and sales figures, along with a significant year-over-year sales increase, are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100