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What: Shares of data-center REIT DuPont Fabros Technology
So what: The results for DuPont's fourth quarter looked good, if not better than good. Earnings per share clocked in at $0.12, up 20% from the prior year, while revenue increased 13% to $74.4 million. Analysts were looking for $0.10 in per-share profit on revenue of $74.8 million. Funds from operations, a key cash-flow measure for REITs, climbed 12% from 2010 to $0.37.
Now what: While the results from the past quarter were what investors wanted to see, the expectations for the upcoming quarter and year weren't quite as spiffy. For the first quarter, management projected that funds from operations would fall to a range of $0.31 to $0.35, while full-year FFO is seen finishing between $1.31 and $1.51. The primary drivers of the lower FFO are lower capitalized interest resulting from the lack of new development starts planned and higher financing costs.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.