Farmland Partners (FPI) Misses Q3 EPS by 8c, Revenues Miss

Farmland Partners (NYSE: FPI) reported Q3 EPS of ($0.15), $0.08 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $9.85 million versus the consensus estimate of $12.03 million.

"Despite the disappointing quarterly results, largely due to non-recurring events, we are comfortable with the quality of our assets and the continued long-term appreciation trends indicated by the annual USDA Land Value Survey published in August," said Paul A. Pittman, the Company's CEO. "We look forward to an eventual recovery in the ag economy after the compounded impact of negative international trade conditions and extreme weather events."

For earnings history and earnings-related data on Farmland Partners (FPI) click here.

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