Boston Properties Inc. Earnings Drop 3% In Q3

(RTTNews) - Boston Properties Inc. (BXP) announced a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $217.26 million, or $1.41 per share. This was lower than $223.40 million, or $1.46 per share, in last year's third quarter.

Analysts had expected the company to earn $1.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $629.88 million. This was up from $618.80 million last year.

Boston Properties Inc. earnings at a glance:

-Earnings (Q3): $217.26 Mln. vs. $223.40 Mln. last year. -Earnings Decline (Y-o-Y): -2.7% -EPS (Q3): $1.41 vs. $1.46 last year. -EPS Decline (Y-o-Y): -3.4% -Analysts Estimate: $1.37 -Revenue (Q3): $629.88 Mln vs. $618.80 Mln last year. -Revenue Change (Y-o-Y): 1.8%

-Guidance: Next quarter EPS guidance: $1.39 - $1.41 Full year EPS guidance: $5.46 - $5.48