Macerich Co. (MAC) reported a profit for its third quarter that advanced from last year.
The company said its bottom line climbed to $170.71 million, or $1.01 per share. This was up from $132.57 million, or $0.88 per share, in last year's third 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 rose 23.8% to $326.26 million. This was up from $263.49 million last year.
Macerich Co. earnings at a glance:
-Earnings (Q3): $170.71 Mln. vs. $132.57 Mln. last year.
-Earnings Growth (Y-o-Y): 28.8%
-EPS (Q3): $1.01 vs. $0.88 last year.
-EPS Growth (Y-o-Y): 14.8%
-Analysts Estimate: $0.98
-Revenue (Q3): $326.26 Mln vs. $263.49 Mln last year.
-Revenue Change (Y-o-Y): 23.8%
-Guidance:
Full year EPS guidance: $3.86 - $3.94
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