DDR Corp. Announces 7% Gain In Q3 Profit

(RTTNews) - DDR Corp. (DDR) reported a profit for its third quarter that increased from last year.

The company said its bottom line rose to $113.54 million, or $0.31 per share. This was higher than $106.22 million, or $0.29 per share, in last year's third quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.7% to $248.89 million. This was up from $237.76 million last year.

DDR Corp. earnings at a glance:

-Earnings (Q3): $113.54 Mln. vs. $106.22 Mln. last year. -Earnings Growth (Y-o-Y): 6.9% -EPS (Q3): $0.31 vs. $0.29 last year. -EPS Growth (Y-o-Y): 6.9% -Analysts Estimate: $0.31 -Revenue (Q3): $248.89 Mln vs. $237.76 Mln last year. -Revenue Change (Y-o-Y): 4.7%

-Guidance: Full year EPS guidance: $1.21 - $1.24