Apartment Investment Management Q3 Earnings: $286.7mln Net Income, $2.04 EPS

Apartment Investment and Management Co. reported Q3 net income of $286.7 million, a significant improvement from the loss in the same period last year. Revenue was $35.1 million, and the company expects full-year earnings to be $4.75 to $4.95 per share. Shares have dropped 41% this year, while the S&P 500 index has climbed 16%.