Walker & Dunlop, Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Walker & Dunlop, Inc. (WD) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $28.80 million, or $0.85 per share. This compares with $21.46 million, or $0.64 per share, in last year's third quarter.

Excluding items, Walker & Dunlop, Inc. reported adjusted earnings of $40.51 million or $1.19 per share for the period.

Analysts on average had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.8% to $292.30 million from $268.74 million last year.

Walker & Dunlop, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $28.80 Mln. vs. $21.46 Mln. last year. -EPS (Q3): $0.85 vs. $0.64 last year. -Revenue (Q3): $292.30 Mln vs. $268.74 Mln last year.