WASHINGTON (dpa-AFX) - Regency Centers Corp. (REG) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $195.23 million, or $1.14 per share. This compares with $80.66 million, or $0.47 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Regency Centers Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $195.23 Mln. vs. $80.66 Mln. last year. -EPS (Q1): $1.14 vs. $0.47 last year. -Analyst Estimate: $0.44
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