Office Props IT Q3 FFO $0.43 Misses $0.47 Estimate, Sales $120.62M Beat $119.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Office Props IT (NASDAQ:OPI) reported Q3 earnings of $0.43 per share, missing the $0.47 estimate, and a 57.84% decrease from last year. Sales were $120.62M, slightly beating the $119.93M estimate but down 9.55% from last year.
October 30, 2024 | 8:52 pm
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Office Props IT reported Q3 earnings of $0.43 per share, missing the $0.47 estimate, and a 57.84% decrease from last year. Sales were $120.62M, slightly beating the $119.93M estimate but down 9.55% from last year.
The earnings miss and significant year-over-year decrease in earnings per share are likely to negatively impact OPI's stock price in the short term. Although sales slightly beat estimates, the overall decline in sales compared to last year adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100