UPDATE: Blackstone Mortgage Trust Q3 2024 Adj. EPS $0.39 Beats $0.31 Estimate, Sales $108.348M Miss $115.418M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone Mortgage Trust reported its Q3 2024 financial results, with an adjusted EPS of $0.39, surpassing the estimate of $0.31. However, its sales of $108.348 million fell short of the expected $115.418 million.
October 23, 2024 | 11:11 am
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Blackstone Mortgage Trust's Q3 2024 adjusted EPS of $0.39 exceeded expectations, but sales of $108.348 million missed the forecast. This mixed result may lead to short-term volatility in the stock price.
The earnings per share (EPS) beat is a positive indicator, suggesting better profitability than expected, which could lead to a positive market reaction. However, the sales miss indicates potential challenges in revenue generation, which could offset the positive EPS impact, leading to mixed investor sentiment and potential short-term volatility.
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