UDR Earnings: Here’s Why Investors are Not Excited Now
UDR, Inc. (NYSE:UDR) 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 0.16%.
UDR, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.86% to $0.34 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 8.08% to $187.23 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: UDR, Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.33. It beat the average revenue estimate of $183.59 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…