Arbor Realty Trust Q2 2024 Adj. EPS $0.45 Beats $0.41 Estimate, Sales $87.961M Miss $89.981M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust (NYSE:ABR) reported Q2 2024 adjusted EPS of $0.45, beating the analyst estimate of $0.41. However, sales of $87.961 million missed the $89.981 million estimate and were down 18.96% year-over-year.
August 02, 2024 | 12:25 pm
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Arbor Realty Trust reported mixed Q2 2024 results with EPS beating estimates but sales missing and declining year-over-year.
The EPS beat is a positive sign, indicating better-than-expected profitability. However, the sales miss and significant year-over-year decline in revenue are concerning. These mixed results are likely to result in a neutral short-term impact on the stock price.
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