Investing.com - Outfront Media reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Outfront Media announced earnings per share of $0.23 on revenue of $453.7M. Analysts polled by Investing.com anticipated EPS of $0.26 on revenue of $456.5M.
Outfront Media shares are down 12% from the beginning of the year and are trading at $16.25 , down-from-52-week-high.
Outfront Media follows other major Real Estate sector earnings this month
Outfront Media's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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