W. P. Carey Inc. Reveals 5% Retreat In Q2 Earnings

(RTTNews) - W. P. Carey Inc. (WPC) revealed earnings for second quarter that lost ground compared to the same period last year.

The company said its profit declined to $132.24 million, or $1.24 per share. This was down from $139.04 million, or $1.31 per share, in last year's second quarter.

The company said revenue for the quarter rose 1.4% to $182.83 million. This was up from $180.25 million last year.

W. P. Carey Inc. earnings at a glance:

-Earnings (Q2): $132.24 Mln. vs. $139.04 Mln. last year. -Earnings Decline (Y-o-Y): -4.9% -EPS (Q2): $1.24 vs. $1.31 last year. -EPS Decline (Y-o-Y): -5.3% -Revenue (Q2): $182.83 Mln vs. $180.25 Mln last year. -Revenue Change (Y-o-Y): 1.4%

-Guidance: Full year EPS guidance: $5.00 - $5.20