HCP Earnings: Booking a Profit Again

S&P 500 (NYSE:SPY) component HCP Inc. (NYSE:HCP) reported its results for the third quarter. HCP is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.

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HCP Inc. Earnings Cheat Sheet

Results: Net income for HCP Inc. rose to $195.6 million (45 cents per share) vs. $166.4 million (41 cents per share) in the same quarter a year earlier. This marks a rise of 17.6% from the year-earlier quarter.

Revenue: Rose 7.7% to $475.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: HCP Inc. fell short of the mean analyst estimate of 69 cents per share. It beat the average revenue estimate of $462.7 million.

Key Stats:

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 69 cents versus a mean estimate of net income of 68 cents per share.

Looking Forward: Analysts are pessimistic about the company’s results for the next quarter. The average estimate has fallen for the fourth quarter to 70 cents per share, down from 71 cents seven days ago. In the past month, the average estimate for the fiscal year has fallen from $2.78 per share to $2.76.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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