The Rouse Co., the Columbia-based developer, yesterday reported a third-quarter profit of $707,000, less than half the $1.5 million posted in the same period a year earlier. Earnings per share of common stock, reduced by dividends paid on preferred stock, were zero for the quarter, compared with 2 cents during the period last year.
Revenues of $130.6 million were nearly 7 percent higher than the $122.5 million a year earlier. Earnings before depreciation and deferred taxes from operating properties were $11.9 million, down about 6 percent from $12.7 million a year earlier.
For the nine months ending Sept. 30, the company posted a loss of $3.3 million, compared with a profit of $6.9 million last year. The 1989 figure included more than $5 million in a one-time gain from a management contract termination fee.