CyrusOne: Q4 Earnings Snapshot
DALLAS (AP) _ CyrusOne Inc. (CONE) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations. The Dallas-based real estate investment trust said it had funds from operations of $123.9 million, or 97 cents per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.03 per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $7 million, or 5 cents per share. The data center operator posted revenue of $318.4 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $304.2 million. For the year, the company reported funds from operations of $494.4 million, or $3.99 per share. Revenue was reported as $1.21 billion. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research.
CyrusOne: Q4 Earnings Snapshot
DALLAS (AP) _ CyrusOne Inc. (CONE) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations. The Dallas-based real estate investment trust said it had funds from operations of $123.9 million, or 97 cents per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.03 per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $7 million, or 5 cents per share. The data center operator posted revenue of $318.4 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $304.2 million. For the year, the company reported funds from operations of $494.4 million, or $3.99 per share. Revenue was reported as $1.21 billion. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research.