RTTNews | Nov 6, 2020 07:11AM EST

07:11 Friday, November 6, 2020 (RTTNews.com) - Ventas Inc. (VTR) released a profit for third quarter that fell from the same period last year.

The company's earnings came in at $12.75 million, or $0.03 per share. This compares with $85.26 million, or $0.23 per share, in last year's third quarter.

Excluding items, Ventas Inc. reported adjusted earnings of $282.97 million or $0.75 per share for the period.

Analysts had expected the company to earn $0.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.5% to $918.94 million from $983.16 million last year.

Ventas Inc. earnings at a glance:

-Earnings (Q3): $282.97 Mln. vs. $360.60 Mln. last year.-EPS (Q3): $0.75 vs. $0.96 last year.-Analysts Estimate: $0.02-Revenue (Q3): $918.94 Mln vs. $983.16 Mln last year.

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