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Equity Residential Q2 adjusted earnings Beat Estimates

Equity Residential (EQR) released earnings for second quarter that fell from last year.

The company's bottom line came in at $112.83 million, or $0.31 per share. This compares with $195.27 million, or $0.53 per share, in last year's second quarter.

Excluding items, Equity Residential reported adjusted earnings of $311.96 million or $0.81 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.5% to $639.81 million from $612.48 million last year.

Equity Residential earnings at a glance:

-Earnings (Q2): $311.96 Mln. vs. $294.66 Mln. last year.
-EPS (Q2): $0.81 vs. $0.77 last year.
-Analysts Estimate: $0.31
-Revenue (Q2): $639.81 Mln vs. $612.48 Mln last year.

Full year EPS guidance: $3.22 - $3.28

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