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Apartment Investment & Management Co. Q1 adjusted earnings Beat Estimates

Apartment Investment & Management Co. (AIV) released earnings for its first quarter that climbed from last year.

The company's bottom line totaled $81.53 million, or $0.52 per share. This compares with $11.49 million, or $0.07 per share, in last year's first quarter.

Analysts had expected the company to earn $0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $247.72 million from $246.48 million last year.

Apartment Investment & Management Co. earnings at a glance:

-EPS (Q1): $0.54 vs. $0.51 last year.
-Analysts Estimate: $0.04
-Revenue (Q1): $247.72 Mln vs. $246.48 Mln last year.

Full year EPS guidance: $2.08 to $2.18

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