ProLogis Profit Retreats 11% In Q2

(RTTNews) - ProLogis (PLD) revealed earnings for second quarter that declined compared to the same period last year.

The company said its bottom line declined to $260.27 million, or $0.48 per share. This was down from $291.78 million, or $0.55 per share, in last year's second quarter.

The company said revenue for the quarter rose 18.0% to $602.16 million. This was up from $510.40 million last year.

ProLogis earnings at a glance:

-Earnings (Q2): $260.27 Mln. vs. $291.78 Mln. last year. -Earnings Decline (Y-o-Y): -10.8% -EPS (Q2): $0.48 vs. $0.55 last year. -EPS Decline (Y-o-Y): -12.7% -Revenue (Q2): $602.16 Mln vs. $510.40 Mln last year. -Revenue Change (Y-o-Y): 18.0%