Piedmont Office Realty Q3 2024 FFO $0.36 Misses $0.37 Estimate, Sales $139.293M Miss $143.755M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piedmont Office Realty reported Q3 2024 earnings per share of $0.36, missing the consensus estimate of $0.37. Sales were $139.293 million, also below the expected $143.755 million, marking a 5.23% decrease from the previous year.
October 24, 2024 | 8:27 pm
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NEGATIVE IMPACT
Piedmont Office Realty's Q3 2024 earnings and sales both missed analyst estimates, with a notable year-over-year sales decline.
The earnings per share and sales figures both missed analyst expectations, which typically results in negative sentiment and potential short-term stock price decline. The year-over-year sales decrease further adds to the negative outlook.
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