Prologis (NYSE:PLD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.2%.
Prologis Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 192.86% to $0.41 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Decreased 22.79% to $419.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Prologis reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $221.07 million.
Quoting Management: “With our accomplishments in the quarter we are closing out our 10 quarter plan ahead of schedule,” said Hamid R. Moghadam, chairman and CEO, Prologis. “Our efforts have simplified the company and built a strong foundation for sustainable growth.”
Key Stats (on next page)…
Revenue decreased 51.16% from $858.93 million in the previous quarter. EPS increased 215.38% from $0.13 in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)