CoreSite Realty Corporation (NYSE:COR) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, COR is expected to report 3Q20 income of $ 0.42 per share from revenue of $ 152.95 million.
For the full year, analysts anticipate top line of $ 604.66 million, while looking forward to income of $ 1.85 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.15 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of CoreSite Realty Corporation
Previous Quarter Performance
CoreSite Realty Corporation recorded income for the second quarter of $ 1.35 per share, from the revenue of $ 150.54 million. The quarterly earnings developed 154.72 percent while revenues raised 5.29 percent compared with the same quarter last year.
Street analysts expected CoreSite Realty Corporation to report income of $ 0.45 per share on revenue of $ 149.86 million for the second quarter. The bottom line results beat street analysts by $ 0.9 or 200.00 percent, at the same time, top line results outshined analysts by $ 0.68 million or 0.45 percent.
Stock Performance
Shares of CoreSite Realty Corporation traded low $ -2.21 or -1.82 percent on Wednesday, reaching $ 119.13 with volume of 364.90 thousand shares. CoreSite Realty Corporation has traded high as $ 121.07 and has cracked $ 117.68 on the downward trend
According to the previous trading day, closing price of $ 119.13, representing a 34.72 % increase from the 52 week low of $ 90.07 and a 7.06 % decrease over the 52 week high of $ 130.56.
The company has a market capital of $ 5.07 billion and is part of the Real Estate sector and REIT – Office industry.
Conference Call
CoreSite Realty Corporation will be hosting a conference call at 12:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.CoreSite.com
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the worlds leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 450+ dedicated employees consistently deliver unmatched data center options all of which leads to a best-in-class customer experience and lasting relationships.
