Public Storage Q3 Earnings Advance 11%

(RTTNews) - Public Storage (PSA) released a profit for its third quarter that increased from last year.

The company said its bottom line advanced to $435.76 million, or $2.51 per share. This was higher than $394.26 million, or $2.27 per share, in last year's third quarter.

Analysts had expected the company to earn $2.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.2% to $663.15 million. This was up from $618.87 million last year.

Public Storage earnings at a glance:

-Earnings (Q3): $435.76 Mln. vs. $394.26 Mln. last year. -Earnings Growth (Y-o-Y): 10.5% -EPS (Q3): $2.51 vs. $2.27 last year. -EPS Growth (Y-o-Y): 10.6% -Analysts Estimate: $2.51 -Revenue (Q3): $663.15 Mln vs. $618.87 Mln last year. -Revenue Change (Y-o-Y): 7.2%