HCP, Inc. Reveals 7% Advance In Q1 Earnings

(RTTNews) - HCP, Inc. (HCP) reported earnings for its first quarter that gained ground from last year.

The company said its bottom line rose to $240.17 million, or $0.51 per share. This was up from $223.58 million, or $0.48 per share, in last year's first quarter.

The company said revenue for the quarter fell 5.4% to $492.17 million. This was down from $520.46 million last year.

HCP, Inc. earnings at a glance:

-Earnings (Q1): $240.17 Mln. vs. $223.58 Mln. last year. -Earnings Growth (Y-o-Y): 7.4% -EPS (Q1): $0.51 vs. $0.48 last year. -EPS Growth (Y-o-Y): 6.2% -Revenue (Q1): $492.17 Mln vs. $520.46 Mln last year. -Revenue Change (Y-o-Y): -5.4%

-Guidance: Full year EPS guidance: $1.89 - $1.95