Star Holdings Posts Q2 EPS of $3.43, Smashing Estimates
STHO sits 38% above its 52-week low of $7.01.
Summary
Star Holdings reported Q2 EPS of $3.43, a massive beat against a backdrop of recent net losses. The company had widened its Q1 loss on Safehold investment declines, making this profit a sharp reversal. No revenue or guidance details yet, but the number alone is a major positive surprise. The stock is near its 52-week high, and this could push it through resistance.
At the time of this announcement, STHO was trading at $9.64 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $116.5M. The 52-week trading range was $7.01 to $9.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.