Parkway Properties Reveals 11% Retreat In Q2 Profit

(RTTNews) - Parkway Properties (PKY) revealed earnings for second quarter that lost ground compared to the same period last year.

The company said its profit totaled $33.65 million, or $0.29 per share. This was down from $37.92 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.3% to $107.51 million. This was down from $126.91 million last year.

Parkway Properties earnings at a glance:

-Earnings (Q2): $33.65 Mln. vs. $37.92 Mln. last year. -Earnings Decline (Y-o-Y): -11.3% -EPS (Q2): $0.29 vs. $0.33 last year. -EPS Decline (Y-o-Y): -12.1% -Analysts Estimate: $0.31 -Revenue (Q2): $107.51 Mln vs. $126.91 Mln last year. -Revenue Change (Y-o-Y): -15.3%