Duke Realty Corp. Announces 8% Fall In Q1 Bottom Line

(RTTNews) - Duke Realty Corp. (DRE) reported a profit for first quarter that dropped from last year.

The company said its profit came in at $99.96 million, or $0.28 per share. This was lower than $108.98 million, or $0.31 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.9% to $224.95 million. This was down from $267.44 million last year.

Duke Realty Corp. earnings at a glance:

-Earnings (Q1): $99.96 Mln. vs. $108.98 Mln. last year. -Earnings Decline (Y-o-Y): -8.3% -EPS (Q1): $0.28 vs. $0.31 last year. -EPS Decline (Y-o-Y): -9.7% -Analysts Estimate: $0.28 -Revenue (Q1): $224.95 Mln vs. $267.44 Mln last year. -Revenue Change (Y-o-Y): -15.9%