Public companies reporting quarterly earnings Monday included Alexandria Real Estate Equities Inc., Ducommun Inc. and Mercury General Corp.
ALEXANDRIA REAL ESTATE EQUITIES INC.
Alexandria Real Estate Equities, a Pasadena company that invests in properties used by firms within the life sciences industry, was flat in after-hours trading after reporting increased funding from operations and net income.
The company reported results after markets closed on Monday.
Alexandria Real Estate Equities’ funding from operations for the quarter ended June 30 was $84.5 million ($1.19 a share), up 18 percent from the same quarter in 2013.
Analysts had expected earnings of about $1.18 a share.
The firm’s quarterly net operating income increased 15 percent to $124 million.
Shares of Alexandria Real Estate Equities traded at $79.28 a share in after hours trading on the NYSE.
DUCOMMUN INC.
Shares of Carson aerospace manufacturer were flat in after-hours trading after the company reported earnings that beat expectations.
For the three months ended June 30, Ducommun reported net income of $6.5 million (59 cents a share), up 18 percent from the same three month period last year. Analysts had expected earnings of about 43 cents a share.
Revenue in the same period was $187 million, down 2.6 percent from the prior quarter.
Ducommun closed at $23.21 and was unchanged in after-hours trading on the NYSE.
MERCURY
Insurance firm Mercury General gained Monday after the company reported earnings that beat expectations.
Mercury General reported operating earnings of $45 million (83 cents a share) for the three months ended June 30, up from $34.5 million (63 cents) in the year-earlier period. Revenue from premiums written in the second quarter was $700 million, up from $665 million a year ago.
Operating earnings beat the Capital IQ Consensus Estimate of 70 cents a share.
Mercury General shares rose $1.67, or nearly 4 percent, to 49.23 a share on the NYSE.