AvalonBay Communities Earnings Advance 7% In Q3

(RTTNews) - AvalonBay Communities (AVB) revealed a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line advanced to $303.33 million, or $2.19 per share. This was up from $284.71 million, or $2.07 per share, in last year's third quarter.

AvalonBay Communities earnings at a glance:

-Earnings (Q3): $303.33 Mln. vs. $284.71 Mln. last year. -Earnings Growth (Y-o-Y): 6.5% -EPS (Q3): $2.19 vs. $2.07 last year. -EPS Growth (Y-o-Y): 5.8%

-Guidance: Next quarter EPS guidance: $2.21 - $2.27 Full year EPS guidance: $8.58 - $8.64