Vornado Realty Trust Earnings: Here’s Why Investors are Happy Now
Vornado Realty Trust (NYSE:VNO) 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 1.05%.
Vornado Realty Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 40.66% to $1.08 in the quarter versus EPS of $1.82 in the year-earlier quarter.
Revenue: Rose 185.68% to $721.02 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vornado Realty Trust reported adjusted EPS income of $1.08 per share. By that measure, the company missed the mean analyst estimate of $1.67. It beat the average revenue estimate of $649.84 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…