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Kimco Realty Corp  (KIM)
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EARNINGS REPORT by CSIMarket

Income Positive Again, Topline Up Slightly


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Kimco Realty Corp announced third quarter 2017 operating income of $99.845 millions, company raises it's earnings guidance.



Kimco Realty Corp announced earnings per share of $0.24 and Sales of $297 millions in the third quarter 2017, Company's earnings turn positive per share, versus $-0.13 eps, earned in the same quarter a year ago, although Kimco Realty Corp saw it's Sales rise by 3.43 % in the same period.

In the previous quarter company realized Sales of $297 millions and bottom line of $0.31 per share.

Company achieved net income of $122 millions in the third quarter 2017 an improvement versus a net loss of $-42 millions in the same quarter a year ago. Kimco Realty Corp also emphasized it's improving profit margins, where net margin rose to 41.45% in third quarter 2017, and operating margin edged up to 33.86%. Company said it sees now it's eps between $1.30 and $1.42, an improvement by $0.08 compare to previous guidance.


Kimco Realty Corp is expected to report next financial results on February 12, 2018.
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