Investing.com - Vornado reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vornado announced earnings per share of $-0.04 on revenue of $343.03M. Analysts polled by Investing.com anticipated EPS of $0.4 on revenue of $384.15M.
Vornado shares are down 48% from the beginning of the year , still down 50.46% from its 52 week high of $68.67 set on January 23. They are under-performing the S&P 500 which is up 1.98% from the start of the year.
Vornado follows other major Services sector earnings this month
Vornado's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on July 28 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
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