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UDR, Inc. Q3 adjusted earnings Beat Estimates

UDR, Inc. (UDR) announced a profit for its third quarter that increased from last year.

The company's earnings came in at $17.64 million, or $0.07 per share. This compares with $15.26 million, or $0.06 per share, in last year's third quarter.

Excluding items, UDR, Inc. reported adjusted earnings of $130.95 million or $0.44 per share for the period.

Analysts had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $266.14 million from $251.09 million last year.

UDR, Inc. earnings at a glance:

-Earnings (Q3): $130.95 Mln. vs. $126.96 Mln. last year.
-EPS (Q3): $0.44 vs. $0.43 last year.
-Analysts Estimate: $0.07
-Revenue (Q3): $266.14 Mln vs. $251.09 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.45 to $0.46
Full year EPS guidance: $1.79 to $1.80

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