Carnival Stock – ProLogis Q1 adjusted earnings Beat Estimates
(RTTNews) – ProLogis (PLD) released earnings for first quarter that declined from the same period last year.
The company’s profit totaled $365.82 million, or $0.49 per share. This compares with $489.42 million, or $0.70 per share, in last year’s first quarter.
Excluding items, ProLogis reported adjusted earnings of $741.83 million or $0.97 per share for the period.
Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 17.3% to $1.15 billion from $0.98 billion last year.
ProLogis earnings at a glance:
-Earnings (Q1): $741.83 Mln. vs. $599.22 Mln. last year.
-EPS (Q1): $0.97 vs. $0.83 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $1.15 Bln vs. $0.98 Bln last year.
Full year EPS guidance: $3.98 to $4.04
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