SL Green Realty Earnings: Here’s Why the Stock is Rising Now
SL Green Realty Corp. (NYSE:SLG) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.45%.
SL Green Realty Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.45% to $1.16 in the quarter versus EPS of $1.10 in the year-earlier quarter.
Revenue: Rose 7.27% to $369.97 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SL Green Realty Corp. reported adjusted EPS income of $1.16 per share. By that measure, the company missed the mean analyst estimate of $1.22. It beat the average revenue estimate of $314.78 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…