Public Storage Q3 Profit Advances 9%

(RTTNews) - Public Storage (PSA) released earnings for its third quarter that gained ground from last year.

The company said its bottom line advanced to $394.26 million, or $2.26 per share. This was up from $360.25 million, or $2.08 per share, in last year's third quarter.

Analysts had expected the company to earn $2.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.7% to $511.84 million. This was up from $479.89 million last year.

Public Storage earnings at a glance:

-Earnings (Q3): $394.26 Mln. vs. $360.25 Mln. last year. -Earnings Growth (Y-o-Y): 9.4% -EPS (Q3): $2.26 vs. $2.08 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $2.27 -Revenue (Q3): $511.84 Mln vs. $479.89 Mln last year. -Revenue Change (Y-o-Y): 6.7%