Government Properties Income Trust Earnings: Here’s Why the Stock is Down Now
Government Properties Income Trust (NYSE:GOV) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.43%.
Government Properties Income Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.85% to $0.54 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 13.8% to $57.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Government Properties Income Trust reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.53. It missed the average revenue estimate of $58.07 million.
Key Stats (on next page)…