01.08.2016 13:04:03

Macerich Co. Bottom Line Climbs 6% In Q2

(RTTNews) - Macerich Co. (MAC) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line rose to $160.35 million, or $1.02 per share. This was up from $150.99 million, or $0.89 per share, in last year's second quarter.

Analysts had expected the company to earn $0.98 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 19.5% to $259.90 million. This was down from $322.79 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q2): $160.35 Mln. vs. $150.99 Mln. last year. -Earnings Growth (Y-o-Y): 6.2% -EPS (Q2): $1.02 vs. $0.89 last year. -EPS Growth (Y-o-Y): 14.6% -Analysts Estimate: $0.98 -Revenue (Q2): $259.90 Mln vs. $322.79 Mln last year. -Revenue Change (Y-o-Y): -19.5%

-Guidance: Full year EPS guidance: $3.83 - $3.93

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