Public Storage Bottom Line Advances 9% In Q2

(RTTNews) - Public Storage (PSA) revealed earnings for its second quarter that increased from last year.

The company said its bottom line totaled $406.37 million, or $2.34 per share. This was up from $371.98 million, or $2.15 per share, in last year's second quarter.

Analysts had expected the company to earn $2.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.0% to $521.32 million. This was up from $491.94 million last year.

Public Storage earnings at a glance:

-Earnings (Q2): $406.37 Mln. vs. $371.98 Mln. last year. -Earnings Growth (Y-o-Y): 9.2% -EPS (Q2): $2.34 vs. $2.15 last year. -EPS Growth (Y-o-Y): 8.8% -Analysts Estimate: $2.40 -Revenue (Q2): $521.32 Mln vs. $491.94 Mln last year. -Revenue Change (Y-o-Y): 6.0%