Prologis Reports Lower Revenue and Profit in Q2 2024
Monday, 22 July 2024, 14:31
Prologis, Inc. Earnings Summary
Prologis, Inc. (NYSE: PLD) has released its financial results for the second quarter of 2024.
Key Financial Highlights
- Decline in Revenue: Prologis reported a significant decrease in revenue.
- Lower Net Earnings: Net earnings per share fell from $1.31 in Q2 2023 to $0.92 in Q2 2024.
- Net Income: For the three months, net income was recorded at $860 million.
Conclusion
This earnings report underscores the challenges faced by Prologis in the current market, calling for strategic adjustments as it progresses through 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.