Investing.com - Vornado reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $0.19 on revenue of $453.49M. Analysts polled by Investing.com anticipated EPS of $0.136 on revenue of $427.23M.
Vornado shares are down 28% from the beginning of the year, still down 36.31% from its 52 week high of $47.26 set on March 11. They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Vornado follows other major Real Estate sector earnings this month
Vornado's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
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