Simon Property Group Q3 2024 FFO $2.84 Misses $3.03 Estimate, Sales $1.481B Beat $1.325B Estimate
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group reported Q3 2024 earnings per share of $2.84, missing the consensus estimate of $3.03. However, the company exceeded sales expectations with $1.481 billion, surpassing the $1.325 billion estimate.
November 01, 2024 | 12:01 pm
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Simon Property Group's Q3 2024 earnings per share of $2.84 missed the consensus estimate of $3.03, but sales of $1.481 billion exceeded expectations. This mixed result may lead to short-term volatility in SPG's stock price.
The earnings per share miss could negatively impact investor sentiment, while the sales beat might provide a positive offset. The mixed results suggest potential short-term volatility in SPG's stock price.
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