Apartment Inv & Mgmt Q2 2024 GAAP EPS $(0.43) Misses $(0.10) Estimate, Sales $51.10M Miss $51.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apartment Inv & Mgmt (NYSE:AIV) reported Q2 2024 GAAP EPS of $(0.43), missing the $(0.10) estimate by 330%. Sales were $51.10M, slightly below the $51.20M estimate but up 11.88% YoY.
August 07, 2024 | 9:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Apartment Inv & Mgmt (NYSE:AIV) reported Q2 2024 GAAP EPS of $(0.43), missing the $(0.10) estimate by 330%. Sales were $51.10M, slightly below the $51.20M estimate but up 11.88% YoY.
The significant miss on EPS by 330% is likely to negatively impact investor sentiment and the stock price in the short term, despite the slight miss on sales and YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100