Investing.com - Public Storage (NYSE:PSA) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Public Storage announced earnings per share of $2.52 on revenue of $894.9M. Analysts polled by Investing.com anticipated EPS of $2.14 on revenue of $862.38M.
Public Storage shares are up 43.49% from the beginning of the year, still down 1.29% from its 52 week high of $335.71 set on October 29. They are outperforming the S&P 500 which is up 22.83% 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 October 26, who reported EPS of $2.71 on revenue of $23.11B, compared to forecasts EPS of $2.55 on revenue of $22.57B.
Union Pacific had beat expectations on October 21 with third quarter EPS of $2.57 on revenue of $5.57B, compared to forecast for EPS of $2.48 on revenue of $5.41B.
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