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Macerich Co. Reports Decline In Q2 Bottom Line

Macerich Co. (MAC) reported earnings for second quarter that decreased from last year.

The company's profit totaled $7.82 million, or $0.05 per share. This compares with $26.64 million, or $0.19 per share, in last year's second quarter.

Analysts had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.2% to $234.55 million from $247.42 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q2): $7.82 Mln. vs. $26.64 Mln. last year.
-EPS (Q2): $0.05 vs. $0.19 last year.
-Analysts Estimate: $0.16
-Revenue (Q2): $234.55 Mln vs. $247.42 Mln last year.

Full year EPS guidance: $3.69 - $3.79

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