WASHINGTON (dpa-AFX) - Vornado Realty Trust (VNO) revealed a profit for third quarter that declined from last year.
The company's profit totaled $53.17 million, or $0.28 per share. This compares with $322.91 million, or $1.69 per share, in last year's third quarter.
Excluding items, Vornado Realty Trust reported adjusted earnings of -$16.61 million or -$0.09 per share for the period.
Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 21.9% to $363.96 million from $465.96 million last year.
Vornado Realty Trust earnings at a glance:
-Earnings (Q3): -$16.61 Mln. vs. $52.62 Mln. last year. -EPS (Q3): -$0.09 vs. $0.28 last year. -Analysts Estimate: $0.60 -Revenue (Q3): $363.96 Mln vs. $465.96 Mln last year.
Copyright RTT News/dpa-AFX
© 2020 AFX News
