Simon Property Group beats and raises...

Simon Property Group Inc. (SPG). The owner of malls and outlet centers reported better-than-expected quarterly earnings and raised its profit forecast for the year. It said third-quarter funds from operations totaled $606.2 million, or $1.71 per share, up from $503.6 million, or $1.43 per share, a year earlier. The company increased its full-year FFO forecast to a range of $6.80 to $6.85 per share from a previously raised range of $6.65 to $6.73.

SPG broke out yesterday ahead of this earnings report: