Landmark Infrastructure: 3Q Earnings Snapshot
EL SEGUNDO, Calif. (AP) _ Landmark Infrastructure Partners LP (LMRK) on Wednesday reported third-quarter net income of $104.9 million.
The El Segundo, California-based company said it had profit of $3.71 per share. Earnings, adjusted for non-recurring gains, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The property owner and manager posted revenue of $17.6 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $18.4 million.
Landmark Infrastructure shares have decreased 24 percent since the beginning of the year. The stock has decreased 21 percent in the last 12 months.