Hospitality Properties Trust (NYSE:HPT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hospitality Properties Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.13% to $0.74 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 17.59% to $354.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hospitality Properties Trust reported adjusted EPS income of $0.74 per share. By that measure, the company missed the mean analyst estimate of $0.75. It beat the average revenue estimate of $322.56 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…