Simon Property (NYSE:SPG) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Simon Property announced earnings per share of $1.99 on revenue of $1.49B. Analysts polled by anticipated EPS of $1.66 on revenue of $1.44B. That with comparison to EPS of $2.3 on revenue of $1.46B in the same period a year before. Simon Property had reported EPS of $1.77 on revenue of $1.42B in the previous quarter. Analysts are expecting EPS of $1.62 and revenue of $1.37B in the upcoming quarter.
Simon Property shares are down 10.85% from the beginning of the year , still down 28.77% from its 52 week high of $186.44 set on February 8, 2019. They are under-performing the S&P 500 which is up 0.13% year to date.
Simon Property follows other major Services sector earnings this month
Simon Property's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Visa A had matched expectations on Thursday with first quarter EPS of $1.46 on revenue of $6.05B, compared to forecast for EPS of $1.46 on revenue of $6.08B.
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