Date Format changes the value of the Day

Hi,

My oData service provides data in the below format:

<d:WiCd>2014-12-12T00:00:00</d:WiCd>

This date is formatted in my application as below:

// Set the Document Created date  var oAttrCrdttm = new sap.m.ObjectAttribute({id:"Crdttm",  visible: true,  title: "Created",  text: {path: "WiCd",    formatter: function(date){      if(date){              var oDateFormat = sap.ui.core.format.DateFormat.getDateInstance({pattern: "MM-dd-yyyy"});              date1 = oDateFormat.format(new Date(date));              return date1             }else {              return null;          } } },  active: false });

But the output shows below:

After formatting the date it changes the day by one day, not sure what could be the reason.

Thank you for your time and help