Medical Properties Trust Q2 2024 FFO $0.23 Beats $0.22 Estimate, Sales $266.560M Beat $249.217M Estimate
Portfolio Pulse from Benzinga Newsdesk
Medical Properties Trust (NYSE:MPW) reported Q2 2024 earnings per share of $0.23, beating the analyst estimate of $0.22. The company also reported sales of $266.560 million, surpassing the estimate of $249.217 million. However, this represents a 20.99% decrease from the same period last year.
August 08, 2024 | 12:07 pm
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Medical Properties Trust (NYSE:MPW) reported Q2 2024 earnings per share of $0.23, beating the analyst estimate of $0.22. The company also reported sales of $266.560 million, surpassing the estimate of $249.217 million. However, this represents a 20.99% decrease from the same period last year.
The positive earnings and sales figures beating analyst estimates are likely to have a short-term positive impact on MPW's stock price. However, the significant year-over-year decline in sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100