Curbline Q3 EPS of 6 Cents Misses 7-Cent Consensus Despite 46% Revenue Jump
CURB sits 28% above its 52-week low of $22.295 on light trading volume (0.3× avg).
Summary
Curbline's Q3 adjusted EPS came in at 6 cents, below the 7-cent consensus and down from 9 cents a year ago, while revenue rose 46.2% to $71.1 million versus the $66.58 million analysts expected. Net income was $7.43 million. The revenue beat is the headline number, but the bottom line missed and two analysts cut estimates in the last 30 days. The stock had already fallen 3.3% this quarter before this report. The company's operating FFO metric, which REIT investors actually trade on, is not in this summary — the 8-K and 10-Q will carry it.
At the time of this announcement, CURB was trading at $28.44 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $22.30 to $32.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.