Chatham Lodging Q2 AFFO $0.43 Beats $0.39 Estimate, Sales $84.48M Beat $84.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging (NYSE:CLDT) reported Q2 AFFO of $0.43 per share, beating the analyst consensus estimate of $0.39 by 10.26%. This is a 4.88% increase from the same period last year. The company also reported quarterly sales of $84.48 million, beating the analyst consensus estimate of $84.06 million by 0.49%. This is a 3.32% increase from the same period last year.
August 04, 2023 | 10:49 am
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POSITIVE IMPACT
Chatham Lodging's Q2 results exceeded analyst expectations, with both AFFO and sales beating estimates. This could potentially lead to a positive short-term impact on the stock.
Chatham Lodging's Q2 results exceeded analyst expectations, which is typically a positive signal for investors and can lead to an increase in the stock price in the short term.
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