Investing.com - Prologis (NYSE:PLD) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prologis announced earnings per share of $0.97 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.4715 on revenue of $1.04B.
Prologis shares are up 36.19% from the beginning of the year, still down 2.77% from its 52 week high of $139.60 set on September 8. They are outperforming the S&P 500 which is up 18.16% from the start of the year.
Prologis shares gained 0.94% 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 Thursday, who reported EPS of $1.17 on revenue of $34.26B, compared to forecasts EPS of $1.02 on revenue of $33.01B.
Cintas had beat expectations on September 29 with first quarter EPS of $3.11 on revenue of $1.9B, compared to forecast for EPS of $2.76 on revenue of $1.88B.
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