First Industrial Realty Q3 2024 Adj. EPS $0.75 Beats $0.38 Estimate, Sales $167.645M Miss $169.488M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Industrial Realty reported Q3 2024 earnings per share of $0.75, significantly beating the estimate of $0.38. However, sales of $167.645 million slightly missed the $169.488 million estimate, though they increased by 8.08% from the previous year.
October 16, 2024 | 8:34 pm
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First Industrial Realty's Q3 2024 EPS of $0.75 beat expectations by 97%, but sales of $167.645M slightly missed estimates. Sales increased by 8.08% YoY.
The significant beat on EPS suggests strong profitability, which is positive for the stock. The slight miss on sales is less concerning given the YoY growth, leading to a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100