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Macerich Co. Q4 Profit Retreats

Macerich Co. (MAC) released earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line came in at $155.59 million, or $1.03 per share. This was lower than $180.63 million, or $1.17 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 5.6% to $256.74 million. This was down from $272.00 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q4): $155.59 Mln. vs. $180.63 Mln. last year.
-Earnings Decline (Y-o-Y): -13.9%
-EPS (Q4): $1.03 vs. $1.17 last year.
-EPS Decline (Y-o-Y): -12.0%
-Revenue (Q4): $256.74 Mln vs. $272.00 Mln last year.
-Revenue Change (Y-o-Y): -5.6%

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