General Growth Properties Inc. Q2 Earnings Climb 7%

(RTTNews) - General Growth Properties Inc. (GGP) released a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $340.05 million, or $0.35 per share. This was up from $318.55 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.9% to $574.59 million. This was down from $579.98 million last year.

General Growth Properties Inc. earnings at a glance:

-Earnings (Q2): $340.05 Mln. vs. $318.55 Mln. last year. -Earnings Growth (Y-o-Y): 6.7% -EPS (Q2): $0.35 vs. $0.33 last year. -EPS Growth (Y-o-Y): 6.1% -Analysts Estimate: $0.36 -Revenue (Q2): $574.59 Mln vs. $579.98 Mln last year. -Revenue Change (Y-o-Y): -0.9%

-Guidance: Next quarter EPS guidance: $0.34 - $0.36 Full year EPS guidance: $1.51 - $1.55