Regency Centers Corp. Q3 Profit Increases, Beats Estimates
(RTTNews) - Regency Centers Corp. (REG) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $105.96 million, or $0.58 per share. This compares with $98.05 million, or $0.54 per share, last year.
Excluding items, Regency Centers Corp. reported adjusted earnings of $202.6 million or $1.09 per share for the period.
Analysts on average had expected the company to earn $0.55 per share. Analysts' estimates typically exclude special items.
Regency Centers Corp. earnings at a glance (GAAP) :
-Earnings: $105.96 Mln. vs. $98.05 Mln. last year. -EPS: $0.58 vs. $0.54 last year.
-Guidance: Full year EPS guidance: $2.30 - $2.32
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