Prologis Q2 2024 FFO $1.34 Beats $1.33 Estimate, Sales $2.008B Beat $1.875B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis (NYSE:PLD) reported Q2 2024 earnings per share of $1.34, surpassing the analyst estimate of $1.33. The company also reported sales of $2.008 billion, exceeding the $1.875 billion estimate and marking a 21.55% increase from the same period last year.
July 17, 2024 | 12:03 pm
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Prologis (NYSE:PLD) reported Q2 2024 earnings per share of $1.34, surpassing the analyst estimate of $1.33. The company also reported sales of $2.008 billion, exceeding the $1.875 billion estimate and marking a 21.55% increase from the same period last year.
Prologis exceeded both earnings and sales estimates for Q2 2024, which is likely to positively impact the stock price in the short term. The significant year-over-year sales growth further strengthens the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100