Taubman Centers (TCO) Misses Q4 EPS by 8c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus

Taubman Centers (NYSE: TCO) reported Q4 EPS of $0.05, $0.08 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $167.49 million versus the consensus estimate of $172.4 million.

“We delivered very good results this year in a challenging retail environment,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “Our earnings growth was driven by better rents and recoveries, reduced operating expenses and positive contributions from our newest centers.”

GUIDANCE:

Taubman Centers sees FY2019 EPS of $0.84-$1.08, versus the consensus of $0.64.

For earnings history and earnings-related data on Taubman Centers (TCO) click here.

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