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Macerich Co reports results for the quarter ended September 30 - Earnings Summary
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Macerich Co reported a quarterly adjusted loss of 34 cents per share for the quarter ended September 30, an improvement from a loss of 50 cents per share a year ago. Revenue increased by 15% to $253.26 million, surpassing analyst expectations of $249.47 million. The company incurred a total loss of $87.36 million this quarter. Analysts maintain a "hold" rating on the stock, with a median 12-month price target of $19.00, reflecting a potential upside from the last closing price of $17.70.
Source: Reuters The copyright of this article belongs to the original author/organization.
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