Sun Communities Inc. Q3 Earnings Climb 46%

(RTTNews) - Sun Communities Inc. (SUI) released a profit for its third quarter that gained ground from last year.

The company said its bottom line advanced to $61.48 million, or $1.05 per share. This was up from $42.09 million, or $0.97 per share, in last year's third quarter.

Analysts had expected the company to earn $1.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 41.9% to $185.36 million. This was up from $130.63 million last year.

Sun Communities Inc. earnings at a glance:

-Earnings (Q3): $61.48 Mln. vs. $42.09 Mln. last year. -Earnings Growth (Y-o-Y): 46.1% -EPS (Q3): $1.05 vs. $0.97 last year. -EPS Growth (Y-o-Y): 8.2% -Analysts Estimate: $1.04 -Revenue (Q3): $185.36 Mln vs. $130.63 Mln last year. -Revenue Change (Y-o-Y): 41.9%

-Guidance: Full year EPS guidance: $3.65 - $3.69