Investing.com - Public Storage (NYSE:PSA) reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.76 on revenue of $710.95M. Analysts polled by Investing.com anticipated EPS of $1.83 on revenue of $712.8M. That compared to EPS of $2 on revenue of $685.53M in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $689.04M in the previous quarter.
For the year, Public Storage shares are up 20.04%, under-performing the S&P 500 which is up 21.65% year to date.
Public Storage follows other major Transportation sector earnings this month
On July 18, Union Pacific reported second quarter EPS of $2.22 on revenue of $5.6B, compared to forecasts of EPS of $2.15 on revenue of $5.64B.
United Parcel Service earnings beat analyst's expectations on July 24, with second quarter EPS of $1.96 on revenue of $18.05B. Investing.com analysts expected EPS of $1.93 on revenue of $17.97B
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