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Ventas Inc. Q1 adjusted earnings Beat Estimates

Ventas Inc. (VTR) announced earnings for first quarter that declined from last year.

The company's profit totaled $78.70 million, or $0.22 per share. This compares with $198.13 million, or $0.55 per share, in last year's first quarter.

Excluding items, Ventas Inc. reported adjusted earnings of $368.05 million or $1.03 per share for the period.

Analysts had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.6% to $384.81 million from $395.22 million last year.

Ventas Inc. earnings at a glance:

-Earnings (Q1): $368.05 Mln. vs. $375.92 Mln. last year.
-EPS (Q1): $1.03 vs. $1.05 last year.
-Analysts Estimate: $0.43
-Revenue (Q1): $384.81 Mln vs. $395.22 Mln last year.

Full year EPS guidance: $3.99 - $4.07

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