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Macerich Co. Q2 Loss increases, misses estimates

Macerich Co. (MAC) revealed Loss for its second quarter that increased from the same period last year and missed the Street estimates.

The company's earnings totaled -$15.38 million, or -$0.07 per share. This compares with -$11.77 million, or -$0.06 per share, in last year's second quarter.

Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $204.09 million from $215.47 million last year.

Macerich Co. earnings at a glance (GAAP) :

-Earnings (Q2): -$15.38 Mln. vs. -$11.77 Mln. last year.
-EPS (Q2): -$0.07 vs. -$0.06 last year.
-Analyst Estimate: -$0.05
-Revenue (Q2): $204.09 Mln vs. $215.47 Mln last year.

-Guidance:
Full year EPS guidance: (-$0.21) to (-$0.09)

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