DDR Corp. Reveals 7% Rise In Q1 Earnings

(RTTNews) - DDR Corp. (DDR) revealed a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $114.23 million, or $0.31 per share. This was higher than $107.13 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.8% to $246.25 million. This was down from $250.75 million last year.

DDR Corp. earnings at a glance:

-Earnings (Q1): $114.23 Mln. vs. $107.13 Mln. last year. -Earnings Growth (Y-o-Y): 6.6% -EPS (Q1): $0.31 vs. $0.30 last year. -EPS Growth (Y-o-Y): 3.3% -Analysts Estimate: $0.30 -Revenue (Q1): $246.25 Mln vs. $250.75 Mln last year. -Revenue Change (Y-o-Y): -1.8%

-Guidance: Full year EPS guidance: $1.20 to $1.25