Investing.com - City Office reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
City Office announced earnings per share of $0.00 on revenue of $45.52M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $44.79M.
City Office shares are down 28% from the beginning of the year, still down 52.26% from its 52 week high of $21.70 set on January 7.
City Office shares lost 0.81% in intra-day trade following the report.
City Office follows other major Real Estate sector earnings this month
City Office's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.15B, 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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