FTAI Infrastructure Q3 2024 GAAP EPS $(0.45) Misses $(0.40) Estimate, Sales $83.311M Miss $94.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Infrastructure reported Q3 2024 earnings with a GAAP EPS of $(0.45), missing the $(0.40) estimate, and sales of $83.311M, missing the $94.300M estimate. Despite missing estimates, the company showed improvement over the previous year with a reduction in losses and an increase in sales.
October 30, 2024 | 9:01 pm
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FTAI Infrastructure's Q3 2024 earnings report showed a miss on both EPS and sales estimates. The EPS was $(0.45) against an expected $(0.40), and sales were $83.311M compared to the $94.300M estimate. Despite missing estimates, the company improved from last year with reduced losses and increased sales.
FTAI Infrastructure's earnings report missed analyst expectations for both EPS and sales, which is typically negative for stock prices. However, the company showed year-over-year improvement, which may mitigate some negative impact. The market may react negatively in the short term due to the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100