Macerich Co. Reports 7% Fall In Q2 Earnings

(RTTNews) - Macerich Co. (MAC) reported earnings for second quarter that retreated from last year.

The company said its profit fell to $148.63 million, or $0.98 per share. This was down from $160.35 million, or $1.02 per share, in last year's second quarter.

The company said revenue for the quarter fell 4.8% to $247.42 million. This was down from $259.90 million last year.

Macerich Co. earnings at a glance:

-Earnings (Q2): $148.63 Mln. vs. $160.35 Mln. last year. -Earnings Decline (Y-o-Y): -7.3% -EPS (Q2): $0.98 vs. $1.02 last year. -EPS Decline (Y-o-Y): -3.9% -Revenue (Q2): $247.42 Mln vs. $259.90 Mln last year. -Revenue Change (Y-o-Y): -4.8%

-Guidance: Full year EPS guidance: $3.90 - $4.00