Medical Properties Trust Q2 adjusted earnings Beat Estimates

(RTTNews) - Medical Properties Trust (MPW) reported earnings for its second quarter that advanced from the same period last year.

The company's profit came in at $111.57 million, or $0.30 per share. This compares with $73.42 million, or $0.21 per share, in last year's second quarter.

Excluding items, Medical Properties Trust reported adjusted earnings of $112.91 million or $0.31 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.0% to $201.90 million from $166.81 million last year.

Medical Properties Trust earnings at a glance:

-Earnings (Q2): $112.91 Mln. vs. $98.58 Mln. last year. -EPS (Q2): $0.31 vs. $0.28 last year. -Analysts Estimate: $0.27 -Revenue (Q2): $201.90 Mln vs. $166.81 Mln last year.