Investing.com - Public Storage (NYSE:PSA) reported third quarter earnings that matched analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.85 on revenue of $706.37M. Analysts polled by Investing.com expected EPS of $1.85 on revenue of $708.51M. That compared to EPS of $1.92 on revenue of $686.4M in the same period a year earlier. The company had reported EPS of $2 on revenue of $685.53M in the previous quarter.
For the year, Public Storage shares are down 0.62%, under-performing the S&P 500 which is down 0.04% year to date.
Public Storage follows other major Transportation sector earnings this month
On October 25, Union Pacific (NYSE:UNP) reported third quarter EPS of $2.15 on revenue of $5.93B, compared to forecasts of EPS of $2.1 on revenue of $5.91B.
United Parcel Service (NYSE:UPS) earnings matched analyst's expectations on October 24, with third quarter EPS of $1.82 on revenue of $17.44B. Investing.com analysts expected EPS of $1.82 on revenue of $17.49B
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