Park Hotels & Resorts Q2 Adjusted FFO Per Share $0.60 Down From $0.61 YoY, Sales $714.00M Miss $720.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts (NYSE:PK) reported Q2 Adjusted FFO of $0.60 per share, a 1.64% decrease YoY. The company's quarterly sales were $714.00 million, missing the analyst consensus estimate of $720.29 million by 0.87%. However, this is a 2.73% increase over sales of $695.00 million the same period last year.
August 04, 2023 | 12:10 pm
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NEGATIVE IMPACT
Park Hotels & Resorts reported a decrease in Q2 Adjusted FFO per share and missed sales estimates, which could negatively impact the stock price.
The company reported a decrease in earnings and missed sales estimates, which are key indicators of a company's financial health. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100