Before the trading session began, Prologis (NYSE: PLD) revealed its first quarter earnings.
The company reported quarterly profits that rose year-over-year, along with increased revenues.
First quarter net earnings were stated at $1.42 per share, surpassing the consensus estimate of $1.38.
Prologis disclosed revenues of $2 billion for the quarter, falling short of Wall Street’s forecast of $2.04 billion.
Earnings saw a 10.9 percent increase from the previous year, while revenue grew by 9.4 percent.
The company has established an earnings target for full year 2025 between $5.65 and $5.81 per share. In contrast, Wall Street analysts predict revenue and earnings of $5.73 per share.
