Simon Property Group Q2 2024 FFO $2.90 Misses $2.94 Estimate, Sales $1.45B Beat $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group (NYSE:SPG) reported Q2 2024 earnings per share of $2.90, missing the analyst estimate of $2.94 by 1.36%. However, the company reported sales of $1.45 billion, beating the estimate of $1.30 billion by 11.34%. This represents a 5.87% increase over the same period last year.
August 05, 2024 | 8:10 pm
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Simon Property Group reported Q2 2024 earnings per share of $2.90, missing the analyst estimate of $2.94 by 1.36%. However, the company reported sales of $1.45 billion, beating the estimate of $1.30 billion by 11.34%. This represents a 5.87% increase over the same period last year.
The mixed results, with earnings per share missing estimates but sales significantly beating expectations, create a neutral short-term impact. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100