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ProLogis Q4 adjusted earnings Beat Estimates

ProLogis (PLD) released earnings for fourth quarter that declined from the same period last year.

The company's earnings came in at $385.48 million, or $0.61 per share. This compares with $596.57 million, or $0.94 per share, in last year's fourth quarter.

Excluding items, ProLogis reported adjusted earnings of $551.19 million or $0.84 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.3% to $826.02 million from $807.09 million last year.

ProLogis earnings at a glance:

-Earnings (Q4): $551.19 Mln. vs. $526.32 Mln. last year.
-EPS (Q4): $0.84 vs. $0.80 last year.
-Analysts Estimate: $0.38
-Revenue (Q4): $826.02 Mln vs. $807.09 Mln last year.

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