Simon Property Earnings, Revenue beat in Q1 By Investing.com

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

Simon Property announced earnings per share of $1.36 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $1.11B.

Simon Property shares are up 48% from the beginning of the year and are trading at $125.21 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.53% from the start of the year.

Simon Property shares lost 1.27% in after-hours trade the report.

Simon Property follows other major Services sector earnings this month

Simon Property’s report follows an earnings beat by Amazon.com on April 29, who reported EPS of $15.79 on revenue of $108.52B, compared to forecasts EPS of $9.54 on revenue of $104.51B.

Visa A had beat expectations on April 27 with second quarter EPS of $1.38 on revenue of $5.73B, compared to forecast for EPS of $1.27 on revenue of $5.56B.

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