Boston Properties Inc. Profit Retreats 9% In Q1

(RTTNews) - Boston Properties Inc. (BXP) announced earnings for first quarter that declined compared to the same period last year.

The company said its bottom line came in at $228.38 million, or $1.48 per share. This was down from $250.69 million, or $1.63 per share, in last year's first quarter.

The company said revenue for the quarter fell 5.1% to $632.23 million. This was down from $665.99 million last year.

Boston Properties Inc. earnings at a glance:

-Earnings (Q1): $228.38 Mln. vs. $250.69 Mln. last year. -Earnings Decline (Y-o-Y): -8.9% -EPS (Q1): $1.48 vs. $1.63 last year. -EPS Decline (Y-o-Y): -9.2% -Revenue (Q1): $632.23 Mln vs. $665.99 Mln last year. -Revenue Change (Y-o-Y): -5.1%

-Guidance: Next quarter EPS guidance: $0.77 - $0.79 Full year EPS guidance: $2.60 - $2.68