Investing.com - Prologis reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.97 on revenue of $711.7M. Analysts polled by Investing.com anticipated EPS of $0.53 on revenue of $715.88M. That compared to EPS of $0.62 on revenue of $608.97M in the same period a year earlier. The company had reported EPS of $0.62 on revenue of $700.69M in the previous quarter.
For the year, Prologis shares are up 46.9%, outperforming the S&P 500 which is up 19.75% year to date.
Prologis follows other major Services sector earnings this month
On Thursday, October 3, 2019, Costco reported fourth quarter EPS of $2.69 on revenue of $47.5B, compared to forecasts of EPS of $2.54 on revenue of $47.44B.
Paychex earnings beat analyst's expectations on Wednesday, October 2, 2019, with first quarter EPS of $0.71 on revenue of $992M. Investing.com analysts expected EPS of $0.69 on revenue of $991.18M
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