Investing.com - Prologis (NYSE:PLD) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prologis announced earnings per share of $0.54 on revenue of $944.4M. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $893.01M.
Prologis shares are up 6.27% from the beginning of the year , still down 5.07% from its 52 week high of $99.79 set on February 21. They are outperforming the S&P 500 which is up 0.65% from the start of the year.
Prologis shares gained 2.92% in pre-market trade following the report.
Prologis follows other major Services sector earnings this month
Prologis's report follows an earnings missed by Netflix on Thursday, who reported EPS of $1.59 on revenue of $6.15B, compared to forecasts EPS of $1.82 on revenue of $6.08B.
America Movil ADR A had beat expectations on July 14 with second quarter EPS of $0.27 on revenue of $11.69B, compared to forecast for EPS of $0.26 on revenue of $10.78B.
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