Investing.com - Prologis reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prologis announced earnings per share of $0.83 on revenue of $878.8M. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $858.89M. That with comparison to EPS of $0.57 on revenue of $696.81M in the same period a year before.Prologis had reported EPS of $0.63 on revenue of $723.86M in the previous quarter.Analysts are expecting EPS of $0.55 and revenue of $954.35M in the upcoming quarter.
Prologis shares are down 0.72% from the beginning of the year and are trading at $87.98 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.99% year to date.
Prologis shares lost 0.59% in pre-market trade after the report.
Prologis follows other major Services sector earnings this month
Prologis's report follows an earnings beat by McDonald’s on Wednesday, January 29, 2020, who reported EPS of $1.97 on revenue of $5.35B, compared to forecasts EPS of $1.96 on revenue of $5.31B.
Walgreens Boots had beat expectations on Thursday, April 2, 2020 with second quarter EPS of $1.52 on revenue of $35.82B, compared to forecast for EPS of $1.46 on revenue of $35.27B.
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