General Growth Properties Inc. Q3 Earnings Rise 11%

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

The company said its bottom line climbed to $340.75 million, or $0.36 per share. This was up from $308.25 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $768.02 million. This was up from $727.84 million last year.

General Growth Properties Inc. earnings at a glance:

-Earnings (Q3): $340.75 Mln. vs. $308.25 Mln. last year. -Earnings Growth (Y-o-Y): 10.5% -EPS (Q3): $0.36 vs. $0.33 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $0.35 -Revenue (Q3): $768.02 Mln vs. $727.84 Mln last year. -Revenue Change (Y-o-Y): 5.5%

-Guidance: Next quarter EPS guidance: $0.41 - $0.43 Full year EPS guidance: $1.42 - $1.44