LTC Properties Q3 2024 FFO $0.78 Beats $0.70 Estimate, Sales $55.783M Beat $52.141M Estimate
Portfolio Pulse from Benzinga Newsdesk
LTC Properties reported Q3 2024 earnings of $0.78 per share, surpassing the $0.70 estimate and marking a 20% increase from last year. Sales reached $55.783M, beating the $52.141M estimate and showing a 13.14% increase from the previous year.
October 28, 2024 | 8:35 pm
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LTC Properties reported strong Q3 2024 results, with earnings per share of $0.78 beating estimates by 11.43% and sales of $55.783M exceeding expectations by 6.99%. Both metrics showed significant growth from the previous year.
LTC Properties' earnings and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth in both earnings and sales suggests positive momentum, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100