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ProLogis Q1 adjusted earnings Beat Estimates

ProLogis (PLD) released earnings for its first quarter that increased from last year.

The company's profit totaled $366 million, or $0.68 per share. This compares with $203 million, or $0.38 per share, in last year's first quarter.

Excluding items, ProLogis reported adjusted earnings of $443 million or $0.80 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.3% to $694 million from $629 million last year.

ProLogis earnings at a glance:

-Earnings (Q1): $443 Mln. vs. $347 Mln. last year.
-EPS (Q1): $0.80 vs. $0.63 last year.
-Analysts Estimate: $0.35
-Revenue (Q1): $694 Mln vs. $629 Mln last year.

-Guidance:
Full year EPS guidance: $2.95 to $3.01

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