Investing.com - Simon Property (NYSE:SPG) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Simon Property announced earnings per share of $0.83 on revenue of $1.06B. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $1.09B.
Simon Property shares are down 56% from the beginning of the year and are trading at $65.47 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.03% from the start of the year.
Simon Property shares gained 0.05% in after-hours trade the report.
Simon Property follows other major Services sector earnings this month
Simon Property's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
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