Investors Real Estate Trust Earnings: Here’s Why Shares are Down Now
Investors Real Estate Trust (NASDAQ:IRET) 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 1.40%.
Investors Real Estate Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.56% to $0.19 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 10.07% to $67 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Investors Real Estate Trust reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $65.93 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…