Veris Residential Q3 FFO $0.17 Beats $0.12 Estimate, Sales $68.17M Miss $68.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veris Residential (NYSE:VRE) reported Q3 earnings of $0.17 per share, beating the $0.12 estimate, but sales of $68.17M slightly missed the $68.24M estimate.
October 30, 2024 | 9:00 pm
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POSITIVE IMPACT
Veris Residential's Q3 earnings per share of $0.17 exceeded expectations, but sales slightly missed estimates. This indicates strong earnings performance despite a minor sales shortfall.
The significant beat on earnings per share (EPS) suggests strong operational performance, which is likely to positively impact the stock price. The slight miss on sales is minor and unlikely to overshadow the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100