HCP, Inc. Q2 Income Falls 5%

(RTTNews) - HCP, Inc. (HCP) announced earnings for second quarter that lost ground from last year.

The company said its earnings declined to $351.38 million, or $0.74 per share. This was down from $368.52 million, or $0.79 per share, in last year's second quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.0% to $662.18 million. This was up from $607.53 million last year.

HCP, Inc. earnings at a glance:

-Earnings (Q2): $351.38 Mln. vs. $368.52 Mln. last year. -Earnings Decline (Y-o-Y): -4.7% -EPS (Q2): $0.74 vs. $0.79 last year. -EPS Decline (Y-o-Y): -6.3% -Analysts Estimate: $0.70 -Revenue (Q2): $662.18 Mln vs. $607.53 Mln last year. -Revenue Change (Y-o-Y): 9.0%

-Guidance: Full year EPS guidance: $2.83 - $2.89