Arbor Realty Trust Q3 2024 Adj EPS $0.43 Beats $0.39 Estimate, Sales $88.81M Beat $83.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust reported Q3 2024 earnings of $0.43 per share, surpassing the $0.39 estimate, and sales of $88.81M, exceeding the $83.92M estimate. Despite beating estimates, both earnings and sales decreased compared to the previous year.
November 01, 2024 | 12:18 pm
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Arbor Realty Trust's Q3 2024 earnings and sales beat analyst estimates, but both figures are down compared to last year. This mixed result may lead to short-term volatility in the stock price.
The earnings and sales figures exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year decline in both earnings and sales could offset this positivity, leading to potential short-term volatility.
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