Ladder Cap Q3 2024 Sales $70.97M Miss $84.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ladder Capital (NYSE:LADR) reported Q3 2024 earnings per share of $0.30, beating estimates by 11.11%, but sales of $70.97M missed expectations by 16.08% and decreased 11.02% from last year.
October 24, 2024 | 12:42 pm
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NEGATIVE IMPACT
Ladder Capital's Q3 2024 earnings per share exceeded expectations, but sales fell short and decreased year-over-year, indicating potential challenges in revenue generation.
While Ladder Capital's EPS beat expectations, the significant miss in sales and the year-over-year decline suggest potential issues in revenue generation. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100