Simon Property Earnings Miss, Revenue Beats In Q1

(C) Reuters. Simon Property Earnings Miss, Revenue Beats In Q1

Investing.com – Simon Property (NYSE:SPG) reported on Monday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

Simon Property announced earnings per share of $1.43 on revenue of $1.35B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $1.33B. That with comparison to EPS of $1.78 on revenue of $1.45B in the same period a year before. Simon Property had reported EPS of $1.66 on revenue of $1.49B in the previous quarter. Analysts are expecting EPS of $1.58 and revenue of $1.22B in the upcoming quarter.

Simon Property shares are down 63% from the beginning of the year , still down 69.04% from its 52 week high of $177.93 set on May 15, 2019. They are under-performing the S&P 500 which is down 9.69% year to date.

Simon Property shares gained 3.09% in after-hours trade following the report.

Simon Property’s report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.

Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar