QTS Realty Trust (QTS) Misses Q3 EPS by 27c; Offers FY18 Revenue Mid-Point Outlook Below Consensus

QTS Realty Trust (NYSE: QTS) reported Q3 EPS of ($0.25), $0.27 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $107.51 million versus the consensus estimate of $107.56 million.

"Earlier this year, we laid out multiple strategic initiatives that we had high confidence would drive an acceleration in our business performance. As you can see in our third quarter results, QTS has delivered on those initiatives with strong execution," said Chad Williams, Chairman and CEO - QTS. "Through a balanced focus on our hyperscale and hybrid colocation growth engines, QTS is well-positioned with a strong foundation to deliver consistent long-term value."

GUIDANCE:

QTS Realty Trust sees FY2018 revenue of $408-422 million, versus the consensus of $421.38 million.

For earnings history and earnings-related data on QTS Realty Trust (QTS) click here.

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