Investing.com - Simon Property (NYSE:SPG) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.99 on revenue of $1.40B. Analysts polled by Investing.com expected EPS of $1.74 on revenue of $1.34B. That compared to EPS of $1.77 on revenue of $1.39B in the same period a year earlier. The company had reported EPS of $1.78 on revenue of $1.45B in the previous quarter.
For the year, Simon Property shares are down 4.64%, under-performing the S&P 500 which is up 21.65% year to date.
Simon Property follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Wednesday, July 24, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar