Macerich Q4 2023 Adj GAAP EPS $0.56, Inline, Sales $238.69M Beat $224.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Macerich (NYSE:MAC) reported Q4 2023 earnings of $0.56 per share, meeting analyst consensus estimates. Quarterly sales reached $238.69 million, surpassing the $224.53 million estimate by 6.31% and marking a 4.58% increase from the previous year.
February 07, 2024 | 12:05 pm
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Macerich reported Q4 2023 earnings of $0.56 per share, in line with estimates, and sales of $238.69 million, exceeding expectations.
Macerich's earnings report showing both earnings per share meeting expectations and sales exceeding estimates suggests a positive outlook for the company. The beat on sales forecasts and year-over-year growth indicates strong operational performance, likely leading to a positive short-term impact on the stock price.
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