Landmark Infrastructure: 4Q Earnings Snapshot
EL SEGUNDO, Calif. (AP) _ Landmark Infrastructure Partners LP (LMRK) on Wednesday reported a fourth-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the El Segundo, California-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs, were 4 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The property owner and manager posted revenue of $14.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $16.6 million.
For the year, the company reported profit of $115.8 million, or $3.97 per share. Revenue was reported as $64.8 million.
Landmark Infrastructure shares have climbed 24 percent since the beginning of the year. The stock has declined 19 percent in the last 12 months.