CBL & Associates Properties, Inc. Q1 Income Rises 8%

(RTTNews) - CBL & Associates Properties, Inc. (CBL) released a profit for its first quarter that rose from last year.

The company said its bottom line totaled $111.25 million, or $0.56 per share. This was up from $102.94 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $263.08 million. This was up from $260.91 million last year.

CBL & Associates Properties, Inc. earnings at a glance:

-Earnings (Q1): $111.25 Mln. vs. $102.94 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q1): $0.56 vs. $0.52 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.54 -Revenue (Q1): $263.08 Mln vs. $260.91 Mln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Full year EPS guidance: $2.32 - $2.38