Investing.com - Emaar Properties reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Emaar Properties announced earnings per share of د.إ0.29 on revenue of د.إ6.94B. Analysts polled by Investing.com anticipated EPS of د.إ0.11 on revenue of د.إ6.64B.
Emaar Properties shares are up 11% from the beginning of the year and are trading at د.إ6.260 , down-from-52-week-high.They are outperforming the Tadawul All Share which is up 7.61% from the start of the year.
Emaar Properties follows other major Real Estate sector earnings this month
Emaar Properties's report follows an earnings beat by Emaar Develop on Wednesday, who reported EPS of د.إ0.29 on revenue of د.إ3.71B, compared to forecasts EPS of د.إ0.13 on revenue of د.إ3.31B.
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