General Growth Properties Inc. Bottom Line Advances 14% In Q4

(RTTNews) - General Growth Properties Inc. (GGP) revealed a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line totaled $408.17 million, or $0.43 per share. This was up from $357.43 million, or $0.38 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.2% to $644.63 million. This was down from $673.02 million last year.

General Growth Properties Inc. earnings at a glance:

-Earnings (Q4): $408.17 Mln. vs. $357.43 Mln. last year. -Earnings Growth (Y-o-Y): 14.2% -EPS (Q4): $0.43 vs. $0.38 last year. -EPS Growth (Y-o-Y): 13.2% -Analysts Estimate: $0.42 -Revenue (Q4): $644.63 Mln vs. $673.02 Mln last year. -Revenue Change (Y-o-Y): -4.2%

-Guidance: Next quarter EPS guidance: $0.34 - $0.36 Full year EPS guidance: $1.52 - $1.56