Agree Realty Corp. Earnings Rise 32% In Q3

(RTTNews) - Agree Realty Corp. (ADC) revealed a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line came in at $11.13 million, or $0.60 per share. This was higher than $8.43 million, or $0.56 per share, in last year's third quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 29.7% to $17.85 million. This was up from $13.76 million last year.

Agree Realty Corp. earnings at a glance:

-Earnings (Q3): $11.13 Mln. vs. $8.43 Mln. last year. -Earnings Growth (Y-o-Y): 32.0% -EPS (Q3): $0.60 vs. $0.56 last year. -EPS Growth (Y-o-Y): 7.1% -Analysts Estimate: $0.61 -Revenue (Q3): $17.85 Mln vs. $13.76 Mln last year. -Revenue Change (Y-o-Y): 29.7%