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RHP

Sector Update: Financial

Financial stocks are lower, with the NYSE Financial Sector Index sliding 0.6% and the S&P Financial 100 Index dipping 0.2%.

In company news, Ryman Hospitality Properties Inc. ( RHP ) is up nearly 4% at $38.79 a share after the real estate investment trust reported Q3 EPS of $0.30, reversing a $0.57 per share net loss in the year-ago quarter.

Analysts, on average, were looking for a $0.27 per share gain.

RHP also generated adjusted funds from operations of $3.28 per share during the quarter, excluding REIT conversion costs, down from $3.49 per share in the year-ago period. Revenue declined 3% year over year to $221.2 million, trailing the Wall Street consensus by $5.72 million.

RHP also reiterated its revised FY13 guidance from Aug. 8 calling adjusted FFO excluding REIT conversion costs of $3.28 to $3.49 per share.

In other sector news,

(+) AEL, (+5.0%) Q3 earnings of $0.80 per share, ex items, beat estimates by $0.36 per share.

(-) PSB, (-1.4%) Announces plans to sell 1.3 shares of its common stock in underwritten public offering, diluting current shareholders by about 5.3%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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