HCP, Inc. Profit Advances 3% In Q4

(RTTNews) - HCP, Inc. (HCP) revealed earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line rose to $378.33 million, or $0.80 per share. This was up from $368.30 million, or $0.79 per share, in last year's fourth quarter.

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

The company said revenue for the quarter rose 10.7% to $668.04 million. This was up from $603.53 million last year.

HCP, Inc. earnings at a glance:

-Earnings (Q4): $378.33 Mln. vs. $368.30 Mln. last year. -Earnings Growth (Y-o-Y): 2.7% -EPS (Q4): $0.80 vs. $0.79 last year. -EPS Growth (Y-o-Y): 1.3% -Analysts Estimate: $0.78 -Revenue (Q4): $668.04 Mln vs. $603.53 Mln last year. -Revenue Change (Y-o-Y): 10.7%

-Guidance: Full year EPS guidance: $2.74 - $2.80