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Top Financial Grants
JPM + 0.17%
BAC + 0.57%
WFC + 0.54%
C -0.24%
USB 0.00%
Financials were down slightly, with the NYSE Financial Sector Index falling 0.2% and the S&P Financial 100 Index falling about 0.2%.
In company news, Digital Realty Trust Inc. (DLR) fell to a new 52-week low at $ 48.50, currently recovering only a fraction of those initial drops to $ 48.55 – in down 16.3% – after slashing its basic FY13 earnings outlook to below analyst estimates last night.
The DLR now sees core trading funds for the 12 months ending in December in a range of $ 4.65 to $ 4.67 per share, down $ 0.09 from previous forecast and lacking. at least $ 0.18 per share for fiscal 2013 expectations.
The company is also seeing average single-digit FFO per share growth in FY14. It would then need to increase its FFO by just over 20% to match analysts’ expectations, looking for an FFO of $ 5.61 per share based on the midpoint of its new forecast for the year. 2013.
The negative outlook outpaced better-than-expected third quarter results for the REIT. The core trading FFO rose to $ 1.16 per share from $ 1.13 in the same quarter last year, beating the Thomson Reuters analyst consensus of $ 0.06 per share. Quarterly revenue also rose 10.7% from a year ago to $ 379.46 million, while beating estimates by $ 3.9 million.
In other sector news,
(+) AMP, (+ 2.0%) The investment manager reports third quarter net income of $ 1.91 per share, excluding items, exceeding Capital IQ’s consensus of $ 0.19 per share. Revenue climbs 14.0% year-on-year to $ 2.81 billion, beating estimates by around $ 20 million.
(-) HTS, (-4.2%) Third quarter profit of $ 0.44 per share missed $ 0.10 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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