Boston Properties Inc. Q2 Profit Rises, Beats estimates

(RTTNews) - Boston Properties Inc. (BXP) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $222.99 million, or $1.42 per share. This compares with $111.70 million, or $0.71 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $773.93 million from $713.81 million last year.

Boston Properties Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $222.99 Mln. vs. $111.70 Mln. last year. -EPS (Q2): $1.42 vs. $0.71 last year. -Analyst Estimate: $0.78 -Revenue (Q2): $773.93 Mln vs. $713.81 Mln last year.