Parkway Properties Q4 Profit Rises 12%

(RTTNews) - Parkway Properties (PKY) released earnings for its fourth quarter that rose from last year.

The company said its bottom line rose to $39.81 million, or $0.34 per share. This was higher than $35.59 million, or $0.31 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.9% to $112.55 million. This was down from $126.38 million last year.

Parkway Properties earnings at a glance:

-Earnings (Q4): $39.81 Mln. vs. $35.59 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q4): $0.34 vs. $0.31 last year. -EPS Growth (Y-o-Y): 9.7% -Analysts Estimate: $0.32 -Revenue (Q4): $112.55 Mln vs. $126.38 Mln last year. -Revenue Change (Y-o-Y): -10.9%