DDR Corp. Reports 10% Rise In Q2 Earnings

(RTTNews) - DDR Corp. (DDR) reported earnings for its second quarter that climbed from last year.

The company said its bottom line advanced to $122.44 million, or $0.33 per share. This was higher than $111.40 million, or $0.31 per share, in last year's second quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.8% to $264.11 million. This was down from $268.92 million last year.

DDR Corp. earnings at a glance:

-Earnings (Q2): $122.44 Mln. vs. $111.40 Mln. last year. -Earnings Growth (Y-o-Y): 9.9% -EPS (Q2): $0.33 vs. $0.31 last year. -EPS Growth (Y-o-Y): 6.5% -Analysts Estimate: $0.31 -Revenue (Q2): $264.11 Mln vs. $268.92 Mln last year. -Revenue Change (Y-o-Y): -1.8%

-Guidance: Full year EPS guidance: $1.23 to $1.26