Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Equity Residential announced earnings per share of $0.15 on revenue of $597.6M. Analysts polled by Investing.com anticipated EPS of $0.1586 on revenue of $593.44M.
Equity Residential shares are up 2% from the beginning of the year, still down 2.13% from its 52 week high of $76.00 set on March 16. They are under-performing the S&P 500 which is up 11.47% from the start of the year.
Equity Residential follows other major Services sector earnings this month
Equity Residential's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.7B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Verizon had beat expectations on April 21 with first quarter EPS of $1.31 on revenue of $32.9B, compared to forecast for EPS of $1.29 on revenue of $32.46B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar