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TAUBMAN CENTERS CLARIFIES QUARTERLY EARNINGS REPORTAGE

 BLOOMFIELD HILLS, Mich., May 6 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) today issued a clarification regarding reporting of its latest financial results.
 The Wall Street Journal today incorrectly reported that Taubman Centers, Inc. first quarter results, reported May 5, were 61.9 percent below analysts' estimates for the period. The error arose because The Wall Street Journal compared the earnings per share of $.08 for the period with analysts' estimates of Distributable Cash Flow for the period of $.21. The principal difference between Distributable Cash Flow and earnings per share is depreciation and amortization. The Distributable Cash Flow reported for the period was consistent with the analysts' estimates.
 -0- 5/6/93
 /CONTACT: Christopher J. Tennyson of Taubman Centers, 313-258-7519/
 (TCO)


CO: Taubman Centers, Inc. ST: Michigan IN: SU:

SH -- NY095 -- 5546 05/06/93 14:40 EDT
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Publication:PR Newswire
Date:May 6, 1993
Words:138
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