HCP, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - HCP, Inc. (HCP) revealed a profit for its second quarter that rose from the same period last year.

The company's earnings came in at $89.48 million, or $0.19 per share. This compares with $19.28 million, or $0.04 per share, in last year's second quarter.

Excluding items, HCP, Inc. reported adjusted earnings of $219.48 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.3% to $469.55 million from $458.93 million last year.

HCP, Inc. earnings at a glance:

-Earnings (Q2): $219.48 Mln. vs. $226.51 Mln. last year. -EPS (Q2): $0.47 vs. $0.48 last year. -Analysts Estimate: $0.13 -Revenue (Q2): $469.55 Mln vs. $458.93 Mln last year.

-Guidance: Full year EPS guidance: $1.79 - $1.83