DDR Corp. Earnings: Here’s Why Shares are Down Now
DDR Corp. (NYSE:DDR) delivered a profit and met 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. Shares are down 0.70%.
DDR Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8% to $0.27 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Decreased 3.84% to $217.1 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 missed the mean analyst estimate of $0.27. It beat the average revenue estimate of $208.04 million.
Quoting Management: “We are very pleased with the consistently strong performance of our assets during the quarter and year-to-date. The day-to-day momentum within the portfolio combined with opportunistic transactional activity and support from the capital markets has enabled continued execution of our strategic objectives for the benefit of all stakeholders,” commented DDR’s chief executive officer, Daniel B. Hurwitz.