Seritage Growth Props Q2 EPS $(1.82) Down From $(1.73) YoY
Portfolio Pulse from Benzinga Newsdesk
Seritage Growth Properties (NYSE:SRG) reported a Q2 EPS loss of $(1.82), a 5.2% increase in losses compared to $(1.73) per share from the same period last year.
August 14, 2024 | 8:57 pm
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NEGATIVE IMPACT
Seritage Growth Properties reported a Q2 EPS loss of $(1.82), which is a 5.2% increase in losses compared to the same period last year. This negative earnings report may put downward pressure on the stock price in the short term.
The increase in quarterly losses indicates worsening financial performance, which is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100