Investing.com - Prologis reported second quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.62 on revenue of $704.42M. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $698.76M. That compared to EPS of $0.64 on revenue of $544.68M in the same period a year earlier. The company had reported EPS of $0.57 on revenue of $696.81M in the previous quarter.
For the year, Prologis shares are up 36.14%, outperforming the S&P 500 which is up 21.69% year to date.
Prologis follows other major Services sector earnings this month
On Thursday, June 27, 2019, Walgreens Boots reported third quarter EPS of $1.47 on revenue of $34.59B, compared to forecasts of EPS of $1.43 on revenue of $34.44B.
Alimentation Couchen A earnings missed analyst's expectations on Monday, July 8, 2019, with first quarter EPS of $0.52 on revenue of $13.11B. Investing.com analysts expected EPS of $0.55 on revenue of $13,230M
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