American Strategic Q2 Adj $(2.84) Beats $(2.99) Estimate, Sales $15.75M Miss $16.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Strategic (NYSE:NYC) reported Q2 losses of $(2.84) per share, beating the $(2.99) estimate but showing a significant year-over-year decline. Sales were $15.75M, missing the $16.06M estimate and slightly down from last year.
August 09, 2024 | 10:22 am
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American Strategic (NYSE:NYC) reported Q2 losses of $(2.84) per share, beating the $(2.99) estimate but showing a significant year-over-year decline. Sales were $15.75M, missing the $16.06M estimate and slightly down from last year.
While American Strategic beat the earnings estimate, the significant year-over-year decline in EPS and the miss on sales estimates are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100