Investing.com - Boston Properties reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Boston Properties announced earnings per share of $0.91 on revenue of $752.6M. Analysts polled by Investing.com anticipated EPS of $0.84 on revenue of $750.78M. That with comparison to EPS of $0.63 on revenue of $725.77M in the same period a year before.Boston Properties had reported EPS of $0.91 on revenue of $757.5M in the previous quarter.Analysts are expecting EPS of $0.9 and revenue of $749.87M in the upcoming quarter.
Boston Properties shares are down 29% from the beginning of the year and are trading at $97.07 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.75% year to date.
Boston Properties follows other major Services sector earnings this month
Boston Properties's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on April 22 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar