Hospitality Properties Trust Earnings: Here’s Why the Stock is Down Now
Hospitality Properties Trust (NYSE:HPT) delivered a profit and beat 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 3.87%.
Hospitality Properties Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4% to $0.78 in the quarter versus EPS of $0.75 in the year-earlier quarter.
Revenue: Rose 20.11% to $412.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hospitality Properties Trust reported adjusted EPS income of $0.78 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $390.04 million.
Key Stats (on next page)…