Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Equity Residential announced earnings per share of $0.7 on revenue of $653.53M. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $662.07M.
Equity Residential shares are down 32% from the beginning of the year and are trading at $54.66 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.38% from the start of the year.
Equity Residential follows other major Services sector earnings this month
Equity Residential's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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