Investing.com - Vornado reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $0.12 on revenue of $421.08M. Analysts polled by Investing.com anticipated EPS of $0.2697 on revenue of $417.01M.
Vornado shares are down 2% from the beginning of the year, still down 19.98% from its 52 week high of $50.91 set on June 8, 2021. They are outperforming the S&P 500 which is down 7.65% from the start of the year.
Vornado shares lost 1.77% in after-hours trade following the report.
Vornado follows other major Real Estate sector earnings this month
Vornado's report follows an earnings beat by Prologis on January 19, who reported EPS of $1.67 on revenue of $1.07B, compared to forecasts EPS of $0.7055 on revenue of $1.04B.
Crown Castle had beat expectations on January 26 with fourth quarter EPS of $0.81 on revenue of $1.65B, compared to forecast for EPS of $0.7708 on revenue of $1.63B.
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