CoreSite Realty (COR) Tops Q1 EPS by 3c

CoreSite Realty (NYSE: COR) reported Q1 EPS of $0.48, $0.03 better than the analyst estimate of $0.45. Revenue for the quarter came in at $147.4 million versus the consensus estimate of $146.45 million.

“We delivered strong sales, placed into service new data center capacity, advanced our two major ground-up developments and other capacity projects, while continuing to deliver exceptional customer service,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “Our preparations over the years and agile responses enabled us to safely maintain operations in a challenging pandemic environment while continuing to support customer success. We turned up services quickly, solved for rapidly emerging customer needs, demonstrated the value and effectiveness of our remote capabilities for customers, and continued to meet their mission critical needs.

“We believe the strategic nature of our diverse, network-and-cloud-dense campuses, and the interoperability we enable for customers in major metropolitan areas, continues to position us well to benefit from the secular tailwinds for data center services which drive demand for powerful, scalable cloud and cloud adjacent solutions as well as network and content capacity.”

For earnings history and earnings-related data on CoreSite Realty (COR) click here.

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