Investing.com – Public Storage (NYSE:) reported third quarter that beat analysts’ expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.93 on revenue of $729.34M. Analysts polled by Investing.com expected EPS of $1.91 on revenue of $736.72M. That compared to EPS of $1.85 on revenue of $706.37M in the same period a year earlier. The company had reported EPS of $1.76 on revenue of $710.95M in the previous quarter.
For the year, Public Storage shares are up 15.95%, under-performing the which is up 22.61% year to date.
Public Storage follows other major Transportation sector earnings this month
On October 17, Union Pacific reported third quarter EPS of $2.22 on revenue of $5.52B, compared to forecasts of EPS of $2.31 on revenue of $5.67B.
United Parcel Service earnings beat analyst’s expectations on October 22, with third quarter EPS of $2.07 on revenue of $18.32B. Investing.com analysts expected EPS of $2.06 on revenue of $18.35B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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