FTAI Infrastructure Q2 EPS $(0.52) Misses $(0.36) Estimate, Sales $84.89M Miss $96.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Infrastructure (NASDAQ:FIP) reported Q2 EPS of $(0.52), missing the $(0.34) estimate by 52.94%. Sales were $84.89M, missing the $96.80M estimate by 12.31%. EPS decreased by 36.84% YoY, while sales increased by 3.73% YoY.
August 02, 2024 | 10:06 am
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NEGATIVE IMPACT
FTAI Infrastructure reported a significant miss on both EPS and sales estimates for Q2. The EPS of $(0.52) was 52.94% below the consensus estimate, and sales of $84.89M were 12.31% below expectations. This indicates potential short-term negative impact on the stock price.
The significant miss on both EPS and sales estimates suggests that the company is underperforming relative to market expectations. This is likely to result in a negative short-term impact on the stock price as investors react to the disappointing results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100