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Ventas Inc. Q1 adjusted earnings Beat Estimates

Ventas Inc. (VTR) revealed a profit for its first quarter that increased from last year.

The company's bottom line came in at $473.12 million, or $1.26 per share. This compares with $125.79 million, or $0.35 per share, in last year's first quarter.

Excluding items, Ventas Inc. reported adjusted earnings of $366.12 million or $0.97 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.4% to $1.01 billion from $0.94 billion last year.

Ventas Inc. earnings at a glance:

-Earnings (Q1): $366.12 Mln. vs. $356.13 Mln. last year.
-EPS (Q1): $0.97 vs. $0.99 last year.
-Analysts Estimate: $0.28
-Revenue (Q1): $1.01 Bln vs. $0.94 Bln last year.

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