Howard Hughes Corp. Reveals 2% Drop In Q3 Profit

(RTTNews) - Howard Hughes Corp. (HHC) reported earnings for third quarter that retreated compared to the same period last year.

The company said its profit dropped to $55.85 million, or $1.29 per share. This was lower than $57.24 million, or $1.34 per share, in last year's third quarter.

The company said revenue for the quarter rose 6.8% to $258.74 million. This was up from $242.26 million last year.

Howard Hughes Corp. earnings at a glance:

-Earnings (Q3): $55.85 Mln. vs. $57.24 Mln. last year. -Earnings Decline (Y-o-Y): -2.4% -EPS (Q3): $1.29 vs. $1.34 last year. -EPS Decline (Y-o-Y): -3.7% -Revenue (Q3): $258.74 Mln vs. $242.26 Mln last year. -Revenue Change (Y-o-Y): 6.8%