UPDATE: General Growth Posts Narrower Q2 Loss

General Growth Properties GGP posted a narrower second-quarter loss. General Growth lifted its full-year forecast for core funds from operations. It now projects FFO of $0.95 to $0.97 per share, versus its prior forecast of $0.92 to $0.96 per share. General Growth posted a quarterly loss of $107.9 million, or $0.12 per share, versus a year-ago loss of $203 million, or $0.22 per share. Its core funds from operations came in at $0.23 per share, versus $0.18 per share. However, the company had expected FFO of $0.20 to $0.22 per share. Its revenue climbed 3.5% to $624.1 million, versus analysts' estimates of $591 million. General Growth shares closed at $18.21 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceloss
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!