WASHINGTON (dpa-AFX) - Apartment Investment & Management Co. (AIV) announced a profit for second quarter that dropped from last year.
The company's earnings totaled $2.82 million, or $0.02 per share. This compares with $15.84 million, or $0.10 per share, in last year's second quarter.
Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.4% to $250.19 million from $249.09 million last year.
Apartment Investment & Management Co. earnings at a glance:
-EPS (Q2): $0.54 vs. $0.51 last year. -Analysts Estimate: $0.10 -Revenue (Q2): $250.19 Mln vs. $249.09 Mln last year.
-Guidance: Full year EPS guidance: $2.09 to $2.17
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