General Growth Properties Earnings: Everything You Must Know Now

General Growth Properties Inc. (NYSE:GGP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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General Growth Properties Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.64% to $0.25 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Rose 35.99% to $637.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: General Growth Properties Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.24. It missed the average revenue estimate of $645.32 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 15.99% from $549.86 million in the previous quarter. EPS decreased 19.35% from $0.31 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.25 and has not changed. For the current year, the average estimate has moved up from a profit of $1.08 to a profit of $1.11 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)