Equity Commonwealth (EQC) Reports Q1 EPS of $3.35, Revenues Miss

Equity Commonwealth (NYSE: EQC) reported Q1 EPS of $3.35, versus $1.67 reported last year. Revenue for the quarter came in at $18.82 million versus the consensus estimate of $25.46 million.

Financial results for the quarter ended March 31, 2020

• Net income attributable to common shareholders was $422.8 million, or $3.35 per diluted share, for the quarter ended March 31, 2020.
• This compares to net income attributable to common shareholders of $208.5 million, or $1.67 per diluted share, for the quarter ended March 31, 2019. The increase in net income was primarily due to an increase in gains on sale of properties.

For earnings history and earnings-related data on Equity Commonwealth (EQC) click here.

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