FelCor Lodging Trust Earnings: Here’s Why the Stock is Down Now
FelCor Lodging Trust Inc. (NYSE:FCH) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.01%.
FelCor Lodging Trust Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.01 in the quarter versus EPS of $-0.02 in the year-earlier quarter.
Revenue: Decreased 0.23% to $220.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FelCor Lodging Trust Inc. reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $219.02 million.
Quoting Management: Commenting on operating results, Richard A. Smith, President and Chief Executive Officer of FelCor, said, “I am very pleased with our performance during the quarter. Our high quality, diverse portfolio continues to produce strong results. Industry fundamentals remain very favorable, as demand growth remains robust and supply growth remains historically low. We expect these trends to continue for the foreseeable future, which will provide favorable conditions for sustained RevPAR growth.”
Key Stats (on next page)…