Investing.com - WeWork reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
WeWork announced earnings per share of $-0.75 on revenue of $817M. Analysts polled by Investing.com anticipated EPS of $-0.47 on revenue of $881.02M.
WeWork shares are down 71.74% from the beginning of the year , still down 75.70% from its 52 week high of $10.00 set on Monday, November 22, 2021.
WeWork follows other major Real Estate sector earnings this month
WeWork's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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