SL Green Realty Corp. Q3 adjusted earnings Beat Estimates

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(RTTNews) – SL Green Realty Corp. (SLG) revealed earnings for third quarter that dropped from the same period last year.

The company’s bottom line totaled $13.86 million, or $0.19 per share. This compares with $33.16 million, or $0.40 per share, in last year’s third quarter.

Excluding items, SL Green Realty Corp. reported adjusted earnings of $135.46 million or $1.75 per share for the period.

Analysts had expected the company to earn -$0.22 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 20.3% to $249.84 million from $313.63 million last year.

SL Green Realty Corp. earnings at a glance:

-Earnings (Q3): $135.46 Mln. vs. $151.36 Mln. last year. -EPS (Q3): $1.75 vs. $1.75 last year. -Analysts Estimate: -$0.22 -Revenue (Q3): $249.84 Mln vs. $313.63 Mln last year.

Bastion Balance Seoul, Korea.