Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Equity Residential announced earnings per share of $1.15 on revenue of $623.2M. Analysts polled by Investing.com anticipated EPS of $0.2172 on revenue of $606.36M.
Equity Residential shares are up 22% from the beginning of the year, still down 0.53% from its 52 week high of $86.47 set on October 26. They are broadly in line with the S&P 500 which is up 21.8% from the start of the year.
Equity Residential shares gained 0.92% in after-hours trade following the report.
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 $1.62 on revenue of $6.56B, compared to forecasts EPS of $1.55 on revenue of $6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of $3.19 on revenue of $7.48B, compared to forecast for EPS of $2.57 on revenue of $7.48B.
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