Franklin Street Props Q3 2024 FFO $0.03, Inline, Sales $29.682M Miss $30.766M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Street Properties (AMEX:FSP) reported Q3 2024 earnings per share of $0.03, meeting analyst expectations. However, the company's sales of $29.682 million fell short of the $30.766 million estimate, marking a 19.57% decline from the previous year.
October 29, 2024 | 8:36 pm
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Franklin Street Properties reported Q3 2024 earnings per share of $0.03, in line with expectations, but sales of $29.682 million missed estimates and decreased 19.57% year-over-year.
The earnings per share met expectations, which is neutral, but the sales miss and significant year-over-year decline suggest potential short-term negative pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100