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Apartment Investment & Management Co. Q2 adjusted earnings Beat Estimates

Apartment Investment & Management Co. (AIV) announced a profit for second quarter that dropped from last year.

The company's earnings totaled $2.82 million, or $0.02 per share. This compares with $15.84 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $250.19 million from $249.09 million last year.

Apartment Investment & Management Co. earnings at a glance:

-EPS (Q2): $0.54 vs. $0.51 last year.
-Analysts Estimate: $0.10
-Revenue (Q2): $250.19 Mln vs. $249.09 Mln last year.

-Guidance:
Full year EPS guidance: $2.09 to $2.17

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