Investing.com - Prologis (NYSE:PLD) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prologis announced earnings per share of $0.49 on revenue of $1.02B. Analysts polled by Investing.com anticipated EPS of $0.3739 on revenue of $986.59M.
Prologis shares are up 12.94% from the beginning of the year, still down 0.42% from its 52 week high of $113.03 set on April 16. They are outperforming the S&P 500 which is up 11.43% from the start of the year.
Prologis shares lost 0.51% in pre-market trade following the report.
Prologis follows other major Services sector earnings this month
Prologis's report follows an earnings beat by Walgreens Boots on March 31, who reported EPS of $1.4 on revenue of $32.78B, compared to forecasts EPS of $1.1 on revenue of $36.2B.
Lululemon Athletica had beat expectations on March 30 with fourth quarter EPS of $2.58 on revenue of $1.73B, compared to forecast for EPS of $2.49 on revenue of $1.66B.
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