Stock Track | Gladstone Commercial Shares Soar on Surprise Profit and Revenue Beat

Stock Track

Nov 05, 2024

Shares of Gladstone Commercial Corp (GOOD) soared 5.18% in early trading on Monday, November 5, after the company reported better-than-expected financial results for the third quarter of 2024.

The diversified real estate investment trust (REIT) posted adjusted earnings of $0.18 per share for the quarter ended September 30, surpassing analysts' expectations of a loss of $0.05 per share. Revenue rose 7.6% year-over-year to $39.24 million, also exceeding Wall Street's projections of $36.94 million.

Gladstone Commercial reported net income of $8.47 million for the quarter, a significant improvement from the same period last year when the company reported a net loss. The company's stock had gained nearly 21% so far this year prior to the earnings release.

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Revenue rose 7.6% year-over-year to $39.24 million, also exceeding Wall Street's projections of $36.94 million.</p>\n\n<p>Gladstone Commercial reported net income of $8.47 million for the quarter, a significant improvement from the same period last year when the company reported a net loss. The company's stock had gained nearly 21% so far this year prior to the earnings release.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOD","symbol_name":"格拉德斯通商业","start_time":0,"source_url":"","article_id":"1110604777","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110604777","pubTimestamp":1730817946,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Gladstone Commercial Corp  soared 5.18% in early trading on Monday, November 5, after the company reported better-than-expected financial results for the third quarter of 2024.The diversified real estate investment trust  posted adjusted earnings of $0.18 per share for the quarter ended September 30, surpassing analysts' expectations of a loss of $0.05 per share. Revenue rose 7.6% year-over-year to $39.24 million, also exceeding Wall Street's projections of $36.94 million.Gladstone Com","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOD":"格拉德斯通商业"},"translate_title":"股票轨迹格莱斯顿商业股价因利润和收入意外增长而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOD":1},"content_text":"Shares of Gladstone Commercial Corp (GOOD) soared 5.18% in early trading on Monday, November 5, after the company reported better-than-expected financial results for the third quarter of 2024.\nThe diversified real estate investment trust (REIT) posted adjusted earnings of $0.18 per share for the quarter ended September 30, surpassing analysts' expectations of a loss of $0.05 per share. 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