ProLogis (NYSE:PLD) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.58 on revenue of $682M. Analysts polled by expected EPS of $0.39 on revenue of $582.75M. That compared to EPS of $0.57 on revenue of $602.9M in the same period a year earlier The company had reported EPS of $0.64 on revenue of $544.68M in the previous quarter.
ProLogis shares lost -1,24% to trade at $63.07 in pre-market trade following the report.
For the year, ProLogis shares are down 1.13%, under-performing the S&P 500 which is up 4.7% year to date.
ProLogis follows other major Services sector earnings this month
On Tuesday, Netflix (NASDAQ:NFLX) reported third quarter EPS of $0.89 on revenue of $4B, compared to forecasts of EPS of $0.68 on revenue of $4B.
Costco (NASDAQ:COST) earnings matched analyst's expectations on October 4, with fourth quarter EPS of $2.36 on revenue of $44.41B. analysts expected EPS of $2.36 on revenue of $44.23B
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