Investing.com - Kimco reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kimco announced earnings per share of $0.08 on revenue of $433.40. Analysts polled by Investing.com anticipated EPS of $0.16 on revenue of $422.55M.
Kimco shares are down 16% from the beginning of the year and are trading at $20.70 , down-from-52-week-high.
Kimco follows other major Real Estate sector earnings this month
Kimco's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on October 19 with third quarter EPS of $1.36 on revenue of $1.75B, compared to forecast for EPS of $1.34 on revenue of $1.2B.
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