RTTNews | Feb 3, 2021 04:44PM EST

16:43 Wednesday, February 3, 2021 (RTTNews.com) - AvalonBay Communities (AVB) announced a profit for its fourth quarter that advanced from last year.

The company's bottom line came in at $341.13 million, or $2.44 per share. This compares with $167.65 million, or $1.20 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

AvalonBay Communities earnings at a glance:

-Earnings (Q4): $341.13 Mln. vs. $167.65 Mln. last year.-EPS (Q4): $2.44 vs. $1.20 last year.-Analysts Estimate: $0.86

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