Hudson Pacific Properties Q2 2024 FFO $0.17 Misses $0.18 Estimate, Sales $218.000M Beat $216.705M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudson Pacific Properties (NYSE:HPP) reported Q2 2024 earnings per share of $0.17, missing the analyst estimate of $0.18. However, the company reported sales of $218 million, beating the estimate of $216.705 million. Sales decreased by 11.08% compared to the same period last year.
August 07, 2024 | 8:30 pm
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Hudson Pacific Properties reported Q2 2024 earnings per share of $0.17, missing the analyst estimate of $0.18. Sales of $218 million beat the estimate of $216.705 million but were down 11.08% YoY.
The mixed results, with earnings missing estimates but sales beating them, are likely to have a neutral short-term impact on the stock. The YoY sales decline adds a negative sentiment, balancing the positive sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100