Investing.com - Simon Property (NYSE:SPG) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Simon Property announced earnings per share of $0.48 on revenue of $1.06B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $1.12B.
Simon Property shares are down 46% from the beginning of the year, still down 49.60% from its 52 week high of $156.93 set on November 12, 2019. They are under-performing the S&P 500 which is up 9.9% from the start of the year.
Simon Property follows other major Services sector earnings this month
Simon Property's report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $18 on revenue of $155.06B, compared to forecast for EPS of $13.82 on revenue of $154.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar