After the closing bell on Wednesday, a number of big-name dividend-paying companies announced their quarterly earnings. Below, look at each earnings report and break down the important information for dividend investors.
AvalonBay Announces Quarterly Net Loss, Higher Revenues
The Arlington, VA-based REIT, AvalonBay Communities (AVB), reported a quarterly net loss attributable to common shareholders of $10.715 million, or 8 cents per share. This marks a 109% decrease from last year’s Q3 EPS of 89 cents. The company chalked up the quarterly loss to “non-recurring charges, including amounts related to the Archstone acquisition.”
Diluted funds from operations (FFO) for the quarter came in at $1.18, an 18.1% decrease from the $1.44 reported in last year’s comparable period. The company reported revenue for the quarter of $4 billion, a $128.4 million rise from last year’s Q3 figure. AVB missed analysts’ estimates of $1.20 FFO, but beat revenue estimates of $396.7 million. Looking forward, AVB projects the Q4 EPS will be in the range of $1.96-$2.02 and FY2013 EPS to be in the range of $2.79-$2.85.
Best Value Stocks To Watch For 2014
CMS Energy Posts Lower Revenue and Earnings; Misses Analyst Views
CMS Energy (
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