Investors Real Estate Trust Earnings: Here’s Why the Stock is Rising Now

Investors Real Estate Trust (NASDAQ:IRET) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.73%.

Investors Real Estate Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.16 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 8.01% to $66.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Investors Real Estate Trust reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.17. It beat the average revenue estimate of $65.3 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…