Clipper Realty Q3 2024 FFO $0.18 Beats $0.15 Estimate, Sales $37.622M Miss $37.856M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clipper Realty reported Q3 2024 earnings per share of $0.18, surpassing the analyst estimate of $0.15. However, its sales of $37.622 million slightly missed the expected $37.856 million, though they increased by 7.10% from the previous year.
October 31, 2024 | 8:03 pm
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Clipper Realty's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Sales increased by 7.10% year-over-year.
The positive earnings surprise is likely to have a favorable impact on the stock price in the short term, as it indicates better-than-expected profitability. The slight miss in sales is less significant given the overall positive earnings performance and year-over-year sales growth.
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IMPORTANCE 80
RELEVANCE 100