Investing.com - Public Storage (NYSE:PSA) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.53 on revenue of $588.8B. Analysts polled by Investing.com expected EPS of $1.72 on revenue of $692.46M. That compared to EPS of $1.65 on revenue of $669.92M in the same period a year earlier. The company had reported EPS of $3.04 on revenue of $692.46M in the previous quarter.
For the year, Public Storage shares are up 9.68%, under-performing the S&P 500 which is up 18.04% year to date.
Public Storage follows other major Transportation sector earnings this month
On April 18, Union Pacific reported first quarter EPS of $1.93 on revenue of $5.38B, compared to forecasts of EPS of $1.88 on revenue of $5.49B.
United Parcel Service earnings missed analyst's expectations on April 25, with first quarter EPS of $1.39 on revenue of $17.16B. Investing.com analysts expected EPS of $1.42 on revenue of $17.77B
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