Investing.com - AvalonBay reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
AvalonBay announced earnings per share of $0.56 on revenue of $513.8M. Analysts polled by Investing.com anticipated EPS of $0.8789 on revenue of $569.22M.
AvalonBay shares are up 27% from the beginning of the year and are trading at $236.63 , down-from-52-week-high.They are outperforming the Nasdaq which is up 18.21% 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 $1.62 on revenue of $6.56B, compared to forecasts EPS of $1.55 on revenue of $6.52B.
Netflix had beat expectations on Tuesday, October 19, 2021 with third quarter EPS of $3.19 on revenue of $7.48B, compared to forecast for EPS of $2.57 on revenue of $7.48B.
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