Vornado reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $0.03 on revenue of $444.5M. Analysts polled by anticipated EPS of $0.58 on revenue of $429.05M. That with comparison to EPS of $0.95 on revenue of $534.67M in the same period a year before. Vornado had reported EPS of $0.29 on revenue of $460.97M in the previous quarter. Analysts are expecting EPS of $0.14 and revenue of $426.53M in the upcoming quarter.
Vornado shares are down 39% from the beginning of the year , still down 42.02% from its 52 week high of $68.85 set on June 7, 2019. They are under-performing the S&P 500 which is down 12.39% year to date.
Vornado follows other major Services sector earnings this month
Vornado's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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