Macerich Co. Q2 Loss increases, misses estimates

(RTTNews) - Macerich Co. (MAC) revealed Loss for its second quarter that increased from the same period last year and missed the Street estimates.

The company's earnings totaled -$15.38 million, or -$0.07 per share. This compares with -$11.77 million, or -$0.06 per share, in last year's second quarter.

Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $204.09 million from $215.47 million last year.

Macerich Co. earnings at a glance (GAAP) :

-Earnings (Q2): -$15.38 Mln. vs. -$11.77 Mln. last year. -EPS (Q2): -$0.07 vs. -$0.06 last year. -Analyst Estimate: -$0.05 -Revenue (Q2): $204.09 Mln vs. $215.47 Mln last year.

-Guidance: Full year EPS guidance: (-$0.21) to (-$0.09)