Macerich Q2 EPS $0.40 Misses $0.42 Estimate, Sales $212.37M Miss $218.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Macerich (NYSE:MAC) reported Q2 earnings of $0.40 per share, missing the analyst consensus estimate of $0.42 by 4.76%. This is a 13.04% decrease from the same period last year. The company also reported quarterly sales of $212.37 million, missing the analyst consensus estimate of $218.71 million by 2.90%. This is a 4.06% increase from the same period last year.
August 08, 2023 | 10:59 am
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NEGATIVE IMPACT
Macerich's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Macerich's earnings and sales for Q2 missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100