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Welltower Inc. Q4 Profit Decreases, but beats estimates

Welltower Inc. (WELL) released earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $58.67 million, or $0.13 per share. This compares with $163.73 million, or $0.39 per share, in last year's fourth quarter.

Excluding items, Welltower Inc. reported adjusted earnings of $362.11 million or $0.83 per share for the period.

Analysts on average had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.0% to $1.31 billion from $1.12 billion last year.

Welltower Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $58.67 Mln. vs. $163.73 Mln. last year.
-EPS (Q4): $0.13 vs. $0.39 last year.
-Analyst Estimates: $0.15
-Revenue (Q4): $1.31 Bln vs. $1.12 Bln last year.

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