Apartment Investment & Management Co. Earnings Retreat 85% In Q3

(RTTNews) - Apartment Investment & Management Co. (AIV) revealed a profit for third quarter that fell compared to the same period last year.

The company said its bottom line declined to $19.18 million, or $0.12 per share. This was lower than $124.71 million, or $0.85 per share, in last year's third quarter.

The company said revenue for the quarter fell 0.2% to $246.39 million. This was down from $246.84 million last year.

Apartment Investment & Management Co. earnings at a glance:

-Earnings (Q3): $19.18 Mln. vs. $124.71 Mln. last year. -Earnings Decline (Y-o-Y): -84.6% -EPS (Q3): $0.12 vs. $0.85 last year. -EPS Decline (Y-o-Y): -85.9% -Revenue (Q3): $246.39 Mln vs. $246.84 Mln last year. -Revenue Change (Y-o-Y): -0.2%

-Guidance: Next quarter EPS guidance: $0.11 - $0.15 Full year EPS guidance: $1.20 - $1.24