Howard Hughes Corp Down 2% Following Earnings Report (HHC)

Howard Hughes Corp

shares are down over 2% today, after the real estate development company reported earnings last night after the bell. The company, which was spun off from General Growth Properties

in November, reported earnings of 30 cents per share on revenues of $53.1 million. David R. Weinreb, CEO of The Howard Hughes Corporation, stated, "We continue to be patient and selective in filling our senior management ranks, and are pleased to have Peter, John and David join Howard Hughes. As we move forward in developing our assets, the Company will benefit from their talent and experience.” At last check, shares of Howard Hughes were off $1.53 to $67.31, a loss of 2.3%. The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. Created from a selected subset of 34 assets previously held by General Growth Properties, the Company's properties include master planned communities, operating properties, development opportunities, and other unique assets spanning 18 states from Hawaii to New York.