PS Business Parks Earnings Rise 15% In Q2

(RTTNews) - PS Business Parks (PSB) revealed a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line came in at $47.32 million, or $1.36 per share. This was up from $41.21 million, or $1.20 per share, in last year's second quarter.

Analysts had expected the company to earn $1.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.4% to $96.22 million. This was up from $93.08 million last year.

PS Business Parks earnings at a glance:

-Earnings (Q2): $47.32 Mln. vs. $41.21 Mln. last year. -Earnings Growth (Y-o-Y): 14.8% -EPS (Q2): $1.36 vs. $1.20 last year. -EPS Growth (Y-o-Y): 13.3% -Analysts Estimate: $1.32 -Revenue (Q2): $96.22 Mln vs. $93.08 Mln last year. -Revenue Change (Y-o-Y): 3.4%