Macerich (MAC) Misses Q4 EPS by 21c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus
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Macerich Announces Quarterly Results
February 7, 2019 7:00 AM ESTSANTA MONICA, Calif., Feb. 7, 2019 /PRNewswire/ --Â The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended December 31, 2018, which included net income attributable to the Company of $11.7 million or $.08 per share-diluted for the quarter ended December 31, 2018 compared to net income attributable to the Company for the quarter ended December 31, 2017 of $32.8 million or $.23 per share-diluted. For the fourth quarter 2018, funds from operations ("FFO")-diluted was $165.7 million or $1.09 per share-diluted compared to $155.6 million or $1.03 per share-diluted for the quarter ended December 31, 2017. A description and reconciliation of earnings per share... More
