Investing.com - Public Storage (NYSE:PSA) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Public Storage announced earnings per share of $2.21 on revenue of $647.8M. Analysts polled by Investing.com anticipated EPS of $1.77 on revenue of $757.26M.
Public Storage shares are down 10% from the beginning of the year, still down 1.95% from its 52 week high of $278.78 set on April 26. They are under-performing the S&P 500 which is up 11.41% from the start of the year.
Public Storage follows other major Transportation sector earnings this month
Public Storage's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.77 on revenue of $22.69B, compared to forecasts EPS of $1.71 on revenue of $20.56B.
Union Pacific had missed expectations on April 22 with first quarter EPS of $2 on revenue of $5B, compared to forecast for EPS of $2.06 on revenue of $5.05B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar