Macerich Co. Reports 18% Increase In Q4 Profit

(RTTNews) - Macerich Co. (MAC) reported earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line came in at $187.27 million, or $1.12 per share. This was up from $158.85 million, or $0.99 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.7% to $320.76 million. This was down from $322.91 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q4): $187.27 Mln. vs. $158.85 Mln. last year. -Earnings Growth (Y-o-Y): 17.9% -EPS (Q4): $1.12 vs. $0.99 last year. -EPS Growth (Y-o-Y): 13.1% -Analysts Estimate: $1.07 -Revenue (Q4): $320.76 Mln vs. $322.91 Mln last year. -Revenue Change (Y-o-Y): -0.7%

-Guidance: Full year EPS guidance: $4.05 - $4.15