Regency Centers Corp. Profit Falls In Q3, but beats estimates

(RTTNews) - Regency Centers Corp. (REG) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $87.58 million, or $0.51 per share. This compares with $117.41 million, or $0.69 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Regency Centers Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $87.58 Mln. vs. $117.41 Mln. last year. -EPS (Q3): $0.51 vs. $0.69 last year. -Analyst Estimates: $0.46

-Guidance: Full year EPS guidance: $2.70 - $2.73