Investing.com - Alexander&Baldwin reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Alexander&Baldwin announced earnings per share of $0.09 on revenue of $97.2M. Analysts polled by Investing.com anticipated EPS of $0.16 on revenue of $94.7M.
Alexander&Baldwin shares are down 12% from the beginning of the year, still down 28.98% from its 52 week high of $26.57 set on November 5, 2021.
Alexander&Baldwin follows other major Real Estate sector earnings this month
Alexander&Baldwin's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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