Investing.com - AvalonBay (NYSE:AVB) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AvalonBay announced earnings per share of $2.44 on revenue of $485.7M. Analysts polled by Investing.com anticipated EPS of $0.8488 on revenue of $560.85M.
AvalonBay shares are up 5.22% from the beginning of the year, still down 26.88% from its 52 week high of $229.40 set on February 19, 2020. They are outperforming the S&P 500 which is up 1.97% from the start of the year.
AvalonBay follows other major Services sector earnings this month
AvalonBay's report follows an earnings beat by Amazon.com on Tuesday, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.16 on revenue of $119.68B.
Alibaba ADR had beat expectations on Tuesday with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar