Prologis Q3 2024 FFO $1.43 Beats $1.37 Estimate, Sales $1.90B Miss $1.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis reported Q3 2024 earnings per share of $1.43, surpassing the analyst estimate of $1.37. However, its sales of $1.90 billion fell short of the $1.95 billion estimate, despite a 6.75% increase from the previous year.
October 16, 2024 | 12:03 pm
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Prologis reported Q3 2024 earnings of $1.43 per share, beating estimates, but sales of $1.90 billion missed expectations. Sales increased by 6.75% year-over-year.
Prologis exceeded earnings expectations, which is positive, but missed sales estimates, which is negative. The sales growth of 6.75% year-over-year is a positive indicator. The mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100