Investing.com - Public Storage (NYSE:PSA) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.04 on revenue of $692.46M. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $696.09M. That compared to EPS of $1.92 on revenue of $672.31M in the same period a year earlier. The company had reported EPS of $1.85 on revenue of $706.37M in the previous quarter.
For the year, Public Storage shares are up 0.14%, under-performing the S&P 500 which is up 12.8% year to date.
Public Storage follows other major Transportation sector earnings this month
On Thursday, January 31, 2019, United Parcel Service reported fourth quarter EPS of $1.94 on revenue of $19.96B, compared to forecasts of EPS of $1.9 on revenue of $19.97B.
Canadian National Railway earnings beat analyst's expectations on Tuesday, January 29, 2019, with fourth quarter EPS of $1.49 on revenue of $3.81B. Investing.com analysts expected EPS of $1.47 on revenue of $3,793M
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