Vornado Realty Trust Earnings: Here’s Why the Stock is Falling Now
Vornado Realty Trust (NYSE:VNO) 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.
Vornado Realty Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40.45% to $1.25 in the quarter versus EPS of $0.89 in the year-earlier quarter.
Revenue: Rose 1068.02% to $685.86 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vornado Realty Trust reported adjusted EPS income of $1.25 per share. By that measure, the company beat the mean analyst estimate of $1.21. It beat the average revenue estimate of $681.57 million.
Key Stats (on next page)…