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Public Storage (NYSE:PSA) Posts Earnings Results, Misses Estimates By $1.63 EPS
Public Storage (NYSE:PSA) reported earnings of $2.60 per share for the quarter, missing the consensus estimate of $4.23 by $1.63. Despite missing EPS estimates, the company’s revenue of $1.22 billion slightly exceeded analyst expectations of $1.21 billion. The stock traded up 0.3% to $294.67 on Thursday with higher-than-average volume, and Wall Street analysts currently have a “Hold” rating with a consensus target price of $306.63.