Arbor Realty Trust: Q3 Earnings Snapshot

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported a third-quarter loss of $82.4 million, after reporting a profit in the same period a year earlier.

The Uniondale, New York-based company said it had a loss of 51 cents per share. Losses, adjusted for non-recurring costs and amortization costs, were 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The real estate investment trust posted revenue of $221.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $227.4 million.

The company's shares closed at $3.02. A year ago, they were trading at $11.54.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABR at https://www.zacks.com/ap/ABR