General Growth Properties Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - General Growth Properties Inc. (GGP) revealed earnings for first quarter that decreased from last year.

The company's earnings totaled $64.04 million, or $0.07 per share. This compares with $107.16 million, or $0.11 per share, in last year's first quarter.

Excluding items, General Growth Properties Inc. reported adjusted earnings of $338.08 million or $0.35 per share for the period.

Analysts had expected the company to earn $0.1 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $574.17 million from $566.33 million last year.

General Growth Properties Inc. earnings at a glance:

-Earnings (Q1): $338.08 Mln. vs. $346.22 Mln. last year. -EPS (Q1): $0.35 vs. $0.36 last year. -Analysts Estimate: $0.1 -Revenue (Q1): $574.17 Mln vs. $566.33 Mln last year.