Vornado Realty Trust (VNO) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Vornado Realty Trust (VNO) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $1.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $1.27. The company posted revenue of $621.71 million in the period, compared to analysts expectations of $628.16 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Vornado Realty Trust opened for trading at $105.49 and hit $107.62 on the upside on Friday, eventually ending the session at $107.4, with a gain of 1.79% or 1.89 points. The heightened volatility saw the trading volume jump to 9,91,973 shares. Company has a market cap of $20,274 M.

In a different news, on Sep 24, 2015, Joseph Macnow (EVP-Finance, Chief Admin. Of) sold 4,500 shares at $25.08 per share price. According to the SEC, on Aug 26, 2015, Russell B Jr Wight (director) purchased 2,000 shares at $88.20 per share price.

Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through and substantially all of its interests in properties are held by Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Company’s segments include New York Washington DC and Toys “R” Us (Toys). The Company’s other investments includes The Mart 555 California Street Vornado Capital Partners Real Estate Fund and Toys “R” Us Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.

Vornado Realty Trust

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