ProLogis Announces 8% Fall In Q3 Profit

(RTTNews) - ProLogis (PLD) revealed a profit for third quarter that declined from last year.

The company said its earnings declined to $370 million, or $0.67 per share. This was lower than $402 million, or $0.73 per share, in last year's third quarter.

The company said revenue for the quarter fell 14.5% to $603 million. This was down from $705 million last year.

ProLogis earnings at a glance:

-Earnings (Q3): $370 Mln. vs. $402 Mln. last year. -Earnings Decline (Y-o-Y): -8.0% -EPS (Q3): $0.67 vs. $0.73 last year. -EPS Decline (Y-o-Y): -8.2% -Revenue (Q3): $603 Mln vs. $705 Mln last year. -Revenue Change (Y-o-Y): -14.5%

-Guidance: Full year EPS guidance: $2.79 to $2.81