Investing.com - Vornado reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $0.81 on revenue of $457.4M. Analysts polled by Investing.com anticipated EPS of $0.14 on revenue of $449.18M.
Vornado shares are down 14% from the beginning of the year, still down 50.11% from its 52 week high of $47.26 set on March 11.
Vornado shares lost 1.48% 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 October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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