Investing.com - Public Storage (NYSE:PSA) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Public Storage announced earnings per share of $1.67 on revenue of $748.5M. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $737.75M.
Public Storage shares are up 5% from the beginning of the year, still down 1.51% from its 52 week high of $246.21 set on February 23. They are outperforming the S&P 500 which is up 4.49% 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 February 2, who reported EPS of $2.66 on revenue of $24.75B, compared to forecasts EPS of $2.14 on revenue of $22.87B.
Canadian National Railway had beat expectations on January 26 with fourth quarter EPS of $1.43 on revenue of $3.66B, compared to forecast for EPS of $1.42 on revenue of $3.64B.
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