Investing.com - Prologis reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Prologis announced earnings per share of $0.82 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $0.6523 on revenue of $1.11B.
Prologis shares are down 28.12% from the beginning of the year and are trading at $121.80 , down-from-52-week-high.They are under-performing the S&P 500 which is down 18.95% from the start of the year.
Prologis shares gained 0.65% in pre-market trade the report.
Prologis follows other major Real Estate sector earnings this month
Prologis's report follows an earnings missed by Castellum ADR on Friday, who reported EPS of $0.6215 on revenue of $210.38M, compared to forecasts EPS of $0.6273 on revenue of $217.88M.
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