Vornado Realty Trust (NYSE:VNO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Vornado Realty Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40.45% to $1.25 in the quarter versus EPS of $0.89 in the year-earlier quarter.
Revenue: Rose 1068.02% to $685.86 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vornado Realty Trust reported adjusted EPS income of $1.25 per share. By that measure, the company beat the mean analyst estimate of $1.21. It beat the average revenue estimate of $681.57 million.
Key Stats (on next page)…
Revenue increased 1.71% from $674.31 million in the previous quarter. EPS increased 15.74% from $1.08 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.14 to a profit $1.18. For the current year, the average estimate has moved down from a profit of $5.02 to a profit of $4.74 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)