Investing.com - Simon Property reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.8 on revenue of $1.41B. Analysts polled by Investing.com expected EPS of $1.74 on revenue of $1.38B. That compared to EPS of $1.65 on revenue of $1.40B in the same period a year earlier. The company had reported EPS of $1.77 on revenue of $1.39B in the previous quarter.
Simon Property shares slightly moved 0.00% to trade at $180.82 in after-hours trade following the report.
For the year, Simon Property shares are up 4.92%, outperforming the S&P 500 which is up 0.81% year to date.
Simon Property follows other major Services sector earnings this month
On Thursday, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.57B, compared to forecasts of EPS of $3.08 on revenue of $57.09B.
Visa (NYSE:V) earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $1.21 on revenue of $5.43B. Investing.com analysts expected EPS of $1.2 on revenue of $5.43B
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