DDR Corp. Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - DDR Corp. (DDR) reported second-quarter net income to shareholders of $67.82 million, compared to a loss of $36.03 million, prior year. FFO attributable to shareholders was $82.13 million or $0.23 per share, compared to $79.96 million or $0.25 per share, prior year. Operating FFO per share was $0.28 for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $245.78 million from $197.51 million, prior year. Analysts expected revenue of $246.16 million for the quarter. The company continues to estimate a range of $1.14 to $1.18 for 2014 operating FFO per share. Analysts expect the company to report fiscal 2014 earnings per share of $1.15.