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Macerich Co. Earnings Rise In Q2

Macerich Co. (MAC) revealed a profit for its second quarter that climbed from the same period last year.

The company's profit totaled $15.73 million, or $0.11 per share. This compares with $7.82 million, or $0.05 per share, in last year's second quarter.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $227.97 million from $234.54 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q2): $15.73 Mln. vs. $7.82 Mln. last year.
-EPS (Q2): $0.11 vs. $0.05 last year.
-Analysts Estimate: $0.08
-Revenue (Q2): $227.97 Mln vs. $234.54 Mln last year.

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