Investing.com - Prologis reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.57 on revenue of $680.05M. Analysts polled by Investing.com forecast EPS of $0.33 on revenue of $674.53M. That compared to EPS of $0.61 on revenue of $555.92M in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $679.2M in the previous quarter.
Prologis shares lost 1.44% to trade at $72.65 in intra-day trade following the report.
For the year, Prologis shares are up 23.72%, outperforming the S&P 500 which is up 17.43% year to date.
Prologis follows other major Services sector earnings this month
On Tuesday, April 2, 2019, Walgreens Boots reported second quarter EPS of $1.64 on revenue of $34.53B, compared to forecasts of EPS of $1.72 on revenue of $34.58B.
Carnival Corp earnings beat analyst's expectations on Tuesday, March 26, 2019, with first quarter EPS of $0.49 on revenue of $4.67B. Investing.com analysts expected EPS of $0.44 on revenue of $4.31B
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