Investing.com - AvalonBay reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AvalonBay announced earnings per share of $1.02 on revenue of $497.11M. Analysts polled by Investing.com anticipated EPS of $0.7595 on revenue of $548.61M.
AvalonBay shares are up 2% from the beginning of the year and are trading at $191.35 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.25% from the start of the year.
AvalonBay follows other major Services sector earnings this month
AvalonBay's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Verizon had beat expectations on Wednesday, April 21, 2021 with first quarter EPS of $1.31 on revenue of $32.9B, compared to forecast for EPS of $1.29 on revenue of $32.46B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar