Duke Realty Corp. Q4 Profit Declines 2%

(RTTNews) - Duke Realty Corp. (DRE) released earnings for fourth quarter that lost ground from last year.

The company said its earnings came in at $102.80 million, or $0.29 per share. This was lower than $104.77 million, or $0.30 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.0% to $221.56 million. This was down from $246.29 million last year.

Duke Realty Corp. earnings at a glance:

-Earnings (Q4): $102.80 Mln. vs. $104.77 Mln. last year. -Earnings Decline (Y-o-Y): -1.9% -EPS (Q4): $0.29 vs. $0.30 last year. -EPS Decline (Y-o-Y): -3.3% -Analysts Estimate: $0.29 -Revenue (Q4): $221.56 Mln vs. $246.29 Mln last year. -Revenue Change (Y-o-Y): -10.0%

-Guidance: Full year EPS guidance: $1.15 - $1.21