HCP Earnings: Here’s Why Shares are Down Now

HCP, Inc. (NYSE:HCP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.49%.

HCP, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.35% to $0.72 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Rose 11.61% to $508.49 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: HCP, Inc. reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.71. It beat the average revenue estimate of $492.51 million.

Quoting Management:

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