Starwood Property Trust: Q3 Earnings Snapshot
GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Starwood Property Trust Inc. (STWD) on Wednesday reported third-quarter profit of $47.4 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had profit of 15 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The commercial real estate investment trust posted revenue of $521.5 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STWD at https://www.zacks.com/ap/STWD
