Realty Income Q2 2024 FFO $1.06 Beats $1.05 Estimate, Sales $1.34B Beat $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Realty Income (NYSE:O) reported Q2 2024 earnings per share of $1.06, beating the analyst estimate of $1.05. The company also reported sales of $1.34 billion, surpassing the $1.25 billion estimate and marking a 31.40% increase from the same period last year.
August 05, 2024 | 8:10 pm
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Realty Income reported Q2 2024 earnings per share of $1.06, beating the analyst estimate of $1.05. The company also reported sales of $1.34 billion, surpassing the $1.25 billion estimate and marking a 31.40% increase from the same period last year.
The company's earnings and sales both exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The significant year-over-year sales growth further strengthens this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100