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Kimco Realty Corp. Q2 adjusted earnings Beat Estimates

Kimco Realty Corp. (KIM-PG) announced a profit for its second quarter that rose from last year.

The company's bottom line totaled $741.54 million, or $1.71 per share. This compares with $86.49 million, or $0.20 per share, in last year's second quarter.

Excluding items, Kimco Realty Corp. reported adjusted earnings of $103.48 million or $0.24 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 fell 16.1% to $238.92 million from $284.87 million last year.

Kimco Realty Corp. earnings at a glance:

-Earnings (Q2): $103.48 Mln. vs. $151.16 Mln. last year.
-EPS (Q2): $0.24 vs. $0.36 last year.
-Analysts Estimate: $0.07
-Revenue (Q2): $238.92 Mln vs. $284.87 Mln last year.

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