Industrial Logistics Q3 2024 FFO $0.12, Inline, Sales $108.945M Miss $110.297M Estimate
Portfolio Pulse from Benzinga Newsdesk
Industrial Logistics (NASDAQ:ILPT) reported Q3 2024 earnings per share of $0.12, meeting analyst expectations. However, the company's sales of $108.945 million fell short of the $110.297 million estimate, marking a 1.09% decrease from the previous year.
October 29, 2024 | 8:45 pm
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Industrial Logistics reported Q3 2024 earnings per share of $0.12, in line with expectations, but sales of $108.945 million missed estimates by 1.23%. Sales also decreased by 1.09% compared to the same period last year.
The earnings per share met expectations, which is neutral, but the sales miss and year-over-year decline could lead to a slight negative sentiment in the short term. Investors may be concerned about the company's ability to meet revenue targets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100