LTC Properties Profit Rises 20% In Q2

(RTTNews) - LTC Properties (LTC) revealed earnings for its second quarter that climbed compared to the same period last year.

The company said its bottom line came in at $29.18 million, or $0.77 per share. This was higher than $24.36 million, or $0.67 per share, in last year's second quarter.

Analysts had expected the company to earn $0.77 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.5% to $40.00 million. This was up from $32.39 million last year.

LTC Properties earnings at a glance:

-Earnings (Q2): $29.18 Mln. vs. $24.36 Mln. last year. -Earnings Growth (Y-o-Y): 19.8% -EPS (Q2): $0.77 vs. $0.67 last year. -EPS Growth (Y-o-Y): 14.9% -Analysts Estimate: $0.77 -Revenue (Q2): $40.00 Mln vs. $32.39 Mln last year. -Revenue Change (Y-o-Y): 23.5%