Public Storage Announces Fall In Q2 Bottom Line

(RTTNews) - Public Storage (PSA) reported a profit for second quarter that decreased from last year.

The company's bottom line totaled $306.41 million, or $1.76 per share. This compares with $348.30 million, or $2.00 per share, in last year's second quarter.

Analysts had expected the company to earn $1.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $710.95 million from $685.53 million last year.

Public Storage earnings at a glance:

-Earnings (Q2): $306.41 Mln. vs. $348.30 Mln. last year. -EPS (Q2): $1.76 vs. $2.00 last year. -Analysts Estimate: $1.83 -Revenue (Q2): $710.95 Mln vs. $685.53 Mln last year.