Plus   Neg

Sun Communities Inc. Q3 adjusted earnings Beat Estimates

Sun Communities Inc. (SUI) released earnings for its third quarter that increased from the same period last year.

The company's earnings totaled $81.20 million, or $0.83 per share. This compares with $57.00 million, or $0.63 per share, in last year's third quarter.

Excluding items, Sun Communities Inc. reported adjusted earnings of $162.62 million or $1.60 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.5% to $400.51 billion from $362.44 billion last year.

Sun Communities Inc. earnings at a glance:

-Earnings (Q3): $162.62 Mln. vs. $137.37 Mln. last year.
-EPS (Q3): $1.60 vs. $1.46 last year.
-Analysts Estimate: $0.55
-Revenue (Q3): $400.51 Bln vs. $362.44 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT