Macerich Co. Q1 Earnings Decline 8%

(RTTNews) - Macerich Co. (MAC) announced a profit for first quarter that retreated from last year.

The company said its earnings came in at $133.60 million, or $0.87 per share. This was down from $144.60 million, or $0.89 per share, in last year's first quarter.

The company said revenue for the quarter fell 3.5% to $247.05 million. This was down from $256.00 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q1): $133.60 Mln. vs. $144.60 Mln. last year. -Earnings Decline (Y-o-Y): -7.6% -EPS (Q1): $0.87 vs. $0.89 last year. -EPS Decline (Y-o-Y): -2.2% -Revenue (Q1): $247.05 Mln vs. $256.00 Mln last year. -Revenue Change (Y-o-Y): -3.5%

-Guidance: Full year EPS guidance: $1.26 - $1.36