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SL Green Realty Corp. Q2 adjusted earnings Beat Estimates

SL Green Realty Corp. (SLG) revealed earnings for its second quarter that increased from the same period last year.

The company's profit totaled $105.33 million, or $1.51 per share. This compares with $56.44 million, or $0.76 per share, in last year's second quarter.

Excluding items, SL Green Realty Corp. reported adjusted earnings of $117.67 million or $1.60 per share for the period.

Analysts had expected the company to earn -$0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.0% to $218.11 million from $253.70 million last year.

SL Green Realty Corp. earnings at a glance:

-Earnings (Q2): $117.67 Mln. vs. $136.09 Mln. last year.
-EPS (Q2): $1.60 vs. $1.74 last year.
-Analysts Estimate: -$0.11
-Revenue (Q2): $218.11 Mln vs. $253.70 Mln last year.

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