DDR Corp. Earnings Retreat 61% In Q3

(RTTNews) - DDR Corp. (DDR) announced a profit for third quarter that retreated compared to the same period last year.

The company said its bottom line totaled $46.34 million, or $0.13 per share. This was down from $120.14 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.2% to $220.13 million. This was down from $245.24 million last year.

DDR Corp. earnings at a glance:

-Earnings (Q3): $46.34 Mln. vs. $120.14 Mln. last year. -Earnings Decline (Y-o-Y): -61.4% -EPS (Q3): $0.13 vs. $0.33 last year. -EPS Decline (Y-o-Y): -60.6% -Analysts Estimate: -$0.01 -Revenue (Q3): $220.13 Mln vs. $245.24 Mln last year. -Revenue Change (Y-o-Y): -10.2%