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OVERLAND PARK, Kan. (AP) _ QTS Realty Trust Inc. (QTS) on Tuesday reported a loss of $8.9 million in its fourth quarter.
The Overland Park, Kansas-based company said it had a loss of 33 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The data center real estate investment trust posted revenue of $143.9 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $140.7 million.
For the year, the company reported profit of $15.9 million, or 47 cents per share. Revenue was reported as $539.4 million.
QTS Realty expects full-year earnings in the range of $2.92 to $3.04 per share, with revenue in the range of $599 million to $613 million.
QTS Realty shares have fallen slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.72, a climb of 3% in the last 12 months.