Investing.com - Simon Property (NYSE:SPG) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $1.45B. Analysts polled by Investing.com expected EPS of $1.58 on revenue of $1.44B. That compared to EPS of $2 on revenue of $1.4B in the same period a year earlier. The company had reported EPS of $2.3 on revenue of $1.46B in the previous quarter.
For the year, Simon Property shares are up 4.62%, under-performing the S&P 500 which is up 18.82% year to date.
Simon Property follows other major Services sector earnings this month
On Thursday, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings beat analyst's expectations on Wednesday, April 24, 2019, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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