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Macerich Co. Q4 adjusted earnings of $1.09 per share

Macerich Co. (MAC) reported a profit for fourth quarter that fell from last year.

The company's earnings totaled $11.75 million, or $0.08 per share. This compares with $32.75 million, or $0.23 per share, in last year's fourth quarter.

Excluding items, Macerich Co. reported adjusted earnings of $165.7 million or $1.09 per share for the period.

The company's revenue for the quarter fell 3.8% to $246.87 million from $256.74 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q4): $165.7 Mln. vs. $155.6 Mln. last year.
-EPS (Q4): $1.09 vs. $1.03 last year.
-Revenue (Q4): $246.87 Mln vs. $256.74 Mln last year.

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