Corporate Office Properties Trust (OFC) Misses Q2 EPS by 9c, Beats on Revenues; Offers Q3 & FY17 EPS Ranges Below Consensus
Get Alerts OFC Hot Sheet
Revenue Growth %: -100.0%
Financial Fact:
Equity in loss of unconsolidated entities: 594K
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Corporate Office Properties Trust (NYSE: OFC) reported Q2 EPS of $0.08, $0.09 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $128.3 million versus the consensus estimate of $127.97 million.
2017 Guidance
Management is narrowing its previously issued guidance range for full year EPS and FFOPS, as adjusted for comparability, to revised ranges of $0.62―$0.66 and $2.02―$2.06, respectively. Management also is establishing EPS and FFOPS, as adjusted for comparability, guidance for the third quarter ending September 30, 2017 at ranges of $0.17―$0.19 and $0.51―$0.53, respectively, and also for the fourth quarter ending December 31, 2017, at ranges of $0.19―$0.21 and $0.54―$0.56, respectively. Reconciliations of projected diluted EPS to projected FFOPS are as follows:
GUIDANCE:
Corporate Office Properties Trust sees FY2017 EPS of $0.62-$0.66, versus the consensus of $0.81.
Corporate Office Properties Trust sees Q3 2017 EPS of $0.17-$0.19, versus the consensus of $0.20.
For earnings history and earnings-related data on Corporate Office Properties Trust (OFC) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Novartis hikes full-year guidance as Q1 results exceed estimates, shares pop
- Hexcel Corp. (HXL) Tops Q1 EPS by 2c, Offers Guidance
- Crane Co. (CR) Tops Q1 EPS by 3c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!