Simon Property Group (SPG) Misses Q1 EPS by 2c, Beats on Revenue; Reaffirms FY Guidance
- Wall Street regains some ground with help from easing virus fears
- Digital World Acquisition Corp. (DWAC) Stock Jumps As U.S. Congressman Nunes Leaves to Head Trump Media
- Kohl's (KSS) Stock Tick Higher as Activist Investor Engine Capital Urges Board to Consider Sale
- Bitcoin (BTC) Price Remains Below $50,000 After Weekend Selloff, Analyst Expects a 'Hard Month'
- MongoDB (MDB) Stock Surges 17% Following Q3 'Beat and Raise'
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Simon Property Group (NYSE: SPG) reported Q1 EPS of $1.53, $0.02 worse than the analyst estimate of $1.55. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.33 billion.
"We are off to a good start in 2017 with the reporting of financial and operational results that exceeded our expectations, led by 3.8% growth in comparable property net operating income," said David Simon, Chairman and Chief Executive Officer. "We continue to strengthen our retail real estate portfolio through our investment activities, including the opening of two new international outlet centers. Today, even in the current choppy retail environment, we are pleased to reaffirm our outlook for the year which is a testament to the strength of our company."
Simon Property Group sees FY2017 EPS of $6.50-$6.60, versus the consensus of $6.60.
For earnings history and earnings-related data on Simon Property Group (SPG) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MongoDB (MDB) Tops Q3 EPS by 26c, Q4 Guidance Beats
- When it Rains it Pours: DocuSign (DOCU) Stock Crashes 30% After 'Debacle' Quarter, 5 Analysts Downgrade as it May Take a Few Quarters to Recover
- Akari Therapeutcis (AKTX) Issues Clinical Progress Update; Reports Q3 Results
Create E-mail Alert Related CategoriesEarnings, Guidance, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!