Equity Lifestyle Properties, Inc. Profit Rises In Q3, Beats Estimates

(RTTNews) - Equity Lifestyle Properties, Inc. (ELS) announced earnings for its third quarter that Increased, from last year and beat the Street estimates.

The company's earnings totaled $97.13 million, or $0.50 per share. This compares with $82.21 million, or $0.44 per share, last year.

Analysts on average had expected the company to earn $0.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.6% to $393.31 million from $387.25 million last year.

Equity Lifestyle Properties, Inc. earnings at a glance (GAAP) :

-Earnings: $97.13 Mln. vs. $82.21 Mln. last year. -EPS: $0.50 vs. $0.44 last year. -Revenue: $393.31 Mln vs. $387.25 Mln last year.

-Guidance: Next quarter EPS guidance: $0.49 - $0.55 Full year EPS guidance: $1.96 - $2.06