WASHINGTON (dpa-AFX) - Public Storage (PSA) released a profit for its first quarter that advanced compared to the same period last year.
The company said its bottom line advanced to $364.43 million, or $2.10 per share. This was higher than $331.14 million, or $1.91 per share, in last year's first quarter.
Analysts had expected the company to earn $2.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 6.5% to $506.90 million. This was up from $476.15 million last year.
Public Storage earnings at a glance:
-Earnings (Q1): $364.43 Mln. vs. $331.14 Mln. last year. -Earnings Growth (Y-o-Y): 10.1% -EPS (Q1): $2.10 vs. $1.91 last year. -EPS Growth (Y-o-Y): 9.9% -Analysts Estimate: $2.19 -Revenue (Q1): $506.90 Mln vs. $476.15 Mln last year. -Revenue Change (Y-o-Y): 6.5%
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