Vornado Realty Trust Q4 Profit Drops 10%

(RTTNews) - Vornado Realty Trust (VNO) announced earnings for fourth quarter that dropped compared to the same period last year.

The company said its earnings totaled $214.74 million, or $1.13 per share. This was down from $238.06 million, or $1.26 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 2.0% to $638.26 million. This was down from $651.58 million last year.

Vornado Realty Trust earnings at a glance:

-Earnings (Q4): $214.74 Mln. vs. $238.06 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q4): $1.13 vs. $1.26 last year. -EPS Decline (Y-o-Y): -10.3% -Revenue (Q4): $638.26 Mln vs. $651.58 Mln last year. -Revenue Change (Y-o-Y): -2.0%