Investing.com - Simon Property (NYSE:SPG) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $3.05 on revenue of $1.42B. Analysts polled by Investing.com forecast EPS of $1.75 on revenue of $1.31B. That compared to EPS of $1.8 on revenue of $1.41B in the same period a year earlier. The company had reported EPS of $1.6 on revenue of $1.4B in the previous quarter.
For the year, Simon Property shares are down 9%, under-performing the S&P 500 which is up 22.61% year to date.
Simon Property follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Visa A earnings beat analyst's expectations on Thursday, October 24, 2019, with fourth quarter EPS of $1.47 on revenue of $6.14B. Investing.com analysts expected EPS of $1.43 on revenue of $6.08B
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