DDR Corp. Earnings: Here’s Why Investors are Ambivalent Now
DDR Corp. (NYSE:DDR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DDR Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.27 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 7.94% to $210.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DDR Corp. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $208.57 million.
Quoting Management: “We are pleased to report continued growth in Operating FFO while simultaneously improving the quality of our portfolio and enhancing balance sheet flexibility,” commented DDR’s chief executive officer, Daniel B. Hurwitz.
Key Stats (on next page)…