Alexander's Q2 FFO $3.31 Beats $2.67 Estimate, Sales $53.39M Down From $53.67M YoY
Portfolio Pulse from Benzinga Newsdesk
Alexander's (NYSE: ALX) reported Q2 earnings of $3.31 per share, beating the analyst estimate of $2.67 by 23.97%. However, this is a 6.76% decrease from last year's $3.55 per share. Sales were $53.39 million, down 0.52% from $53.67 million YoY.
August 05, 2024 | 12:47 pm
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Alexander's reported Q2 earnings of $3.31 per share, beating estimates by 23.97%, but earnings decreased by 6.76% YoY. Sales were slightly down by 0.52% YoY.
The significant beat on earnings per share (EPS) is a positive indicator for the stock in the short term, despite the slight YoY decrease in both EPS and sales. Investors are likely to react positively to the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100