Sun Communities Inc. Bottom Line Falls In Q3, misses estimates

(RTTNews) - Sun Communities Inc. (SUI) announced a profit for third quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $162.6 million, or $1.32 per share. This compares with $231.7 million, or $2.00 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.3% to $932.6 million from $684.3 million last year.

Sun Communities Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $162.6 Mln. vs. $231.7 Mln. last year. -EPS (Q3): $1.32 vs. $2.00 last year. -Analyst Estimates: $1.37 -Revenue (Q3): $932.6 Mln vs. $684.3 Mln last year.

-Guidance: Full year EPS guidance: $1.96 - $2.02