Investing.com - Equity Residential (NYSE:EQR) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Equity Residential announced earnings per share of $0.68 on revenue of $613.4M. Analysts polled by Investing.com anticipated EPS of $0.2494 on revenue of $610.4M.
Equity Residential shares are up 12% from the beginning of the year, still down 23.39% from its 52 week high of $87.19 set on February 24, 2020. They are outperforming the S&P 500 which is up 4.1% 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 Amazon.com on February 2, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on February 2 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.
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