Investing.com - Vornado reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $-1.1 on revenue of $369.64M. Analysts polled by Investing.com anticipated EPS of $-0.049 on revenue of $366.07M.
Vornado shares are up 6% from the beginning of the year and are trading at $39.76 , down-from-52-week-high.They are outperforming the S&P 500 which is down 1.11% from the start of the year.
Vornado follows other major Services sector earnings this month
Vornado's report follows an earnings beat by Visa A on Thursday, who reported EPS of $1.42 on revenue of $5.69B, compared to forecasts EPS of $1.28 on revenue of $5.53B.
Netflix had missed expectations on Tuesday, January 19, 2021 with fourth quarter EPS of $1.19 on revenue of $6.64B, compared to forecast for EPS of $1.36 on revenue of $6.62B.
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