Plus   Neg

Highwoods Properties Inc. Q2 adjusted earnings Beat Estimates

Highwoods Properties Inc. (HIW) reported earnings for its second quarter that advanced from last year.

The company's earnings totaled $50.69 million, or $0.49 per share. This compares with $37.59 million, or $0.37 per share, in last year's second quarter.

Excluding items, Highwoods Properties Inc. reported adjusted earnings of $92.15 million or $0.87 per share for the period.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $178.79 million from $177.28 million last year.

Highwoods Properties Inc. earnings at a glance:

-Earnings (Q2): $92.15 Mln. vs. $94.58 Mln. last year.
-EPS (Q2): $0.87 vs. $0.90 last year.
-Analysts Estimate: $0.33
-Revenue (Q2): $178.79 Mln vs. $177.28 Mln last year.

Full year EPS guidance: $3.39 to $3.45

For comments and feedback contact: editorial@rttnews.com

Follow RTT