Boston Properties Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Boston Properties Inc. (BXP) reported earnings for second quarter that dropped from the same period last year.

The company's bottom line totaled $111.70 million, or $0.71 per share. This compares with $266.53 million, or $1.71 per share, in last year's second quarter.

Excluding items, Boston Properties Inc. reported adjusted earnings of $268.64 million or $1.72 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.0% to $713.81 million from $654.77 million last year.

Boston Properties Inc. earnings at a glance:

-Earnings (Q2): $268.64 Mln. vs. $236.91 Mln. last year. -EPS (Q2): $1.72 vs. $1.52 last year. -Analysts Estimate: $0.58 -Revenue (Q2): $713.81 Mln vs. $654.77 Mln last year.

-Guidance: Next quarter EPS guidance: $1.28 - $1.30