W.P. Carey REIT (WPC) Releases Earnings Results, Beats Expectations By $0.09 EPS

W.P. Carey REIT (WPC) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.15. The company posted revenue of $182.82 million in the period, compared to analysts expectations of $241.20 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

W.P. Carey REIT closed down -1.29 points or -1.77% at $71.58 with 2,57,970 shares getting traded on Tusday. Post opening the session at $72.63, the shares hit an intraday low of $71.4 and an intraday high of $72.743 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 9, 2016, Mary M Vandeweghe (director) purchased 1,000 shares at $63.08 per share price. According to the SEC, on Dec 18, 2015, Thomas E Zacharias (Chief Operating Officer) sold 17,000 shares at $60.03 per share price. On Dec 18, 2015, Nathaniel S Coolidge (director) sold 757 shares at $60.92 per share price, according to the Form-4 filing with the securities and exchange commission.

W.P. Carey  REIT

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