HCP, Inc. Q1 Income Falls 12%

(RTTNews) - HCP, Inc. (HCP) announced a profit for first quarter that retreated from last year.

The company said its earnings totaled $321.78 million, or $0.69 per share. This was down from $364.28 million, or $0.79 per share, in last year's first quarter.

Analysts had expected the company to earn $0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.9% to $640.78 million. This was up from $610.79 million last year.

HCP, Inc. earnings at a glance:

-Earnings (Q1): $321.78 Mln. vs. $364.28 Mln. last year. -Earnings Decline (Y-o-Y): -11.7% -EPS (Q1): $0.69 vs. $0.79 last year. -EPS Decline (Y-o-Y): -12.7% -Analysts Estimate: $0.69 -Revenue (Q1): $640.78 Mln vs. $610.79 Mln last year. -Revenue Change (Y-o-Y): 4.9%