Vornado Realty Q2 2024 FFO $0.57 Beats $0.54 Estimate, Sales $450.266M Beat $439.277M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vornado Realty (NYSE:VNO) reported Q2 2024 earnings per share (EPS) of $0.57, beating the analyst estimate of $0.54. Sales were $450.266 million, also surpassing the estimate of $439.277 million. However, both EPS and sales were down compared to the same period last year.
August 05, 2024 | 8:27 pm
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Vornado Realty reported Q2 2024 EPS of $0.57, beating the analyst estimate of $0.54. Sales were $450.266 million, also surpassing the estimate of $439.277 million. However, both EPS and sales were down compared to the same period last year.
The positive earnings and sales surprise are likely to have a short-term positive impact on VNO's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100