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Camden Property Trust Q2 adjusted earnings Beat Estimates

Camden Property Trust (CPT) announced earnings for second quarter that declined from the same period last year.

The company's bottom line came in at $16.48 million, or $0.17 per share. This compares with $42.40 million, or $0.43 per share, in last year's second quarter.

Excluding items, Camden Property Trust reported adjusted earnings of $91.59 million or $0.91 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.0% to $250.68 million from $255.76 million last year.

Camden Property Trust earnings at a glance:

-Earnings (Q2): $91.59 Mln. vs. $107.47 Mln. last year.
-EPS (Q2): $0.91 vs. $1.07 last year.
-Analysts Estimate: $0.26
-Revenue (Q2): $250.68 Mln vs. $255.76 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.27 - $0.33

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