Host Hotels & Resorts Q2 FFO $0.53 Down From $0.58 YoY, Sales $1.39B Miss $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Host Hotels & Resorts reported Q2 earnings of $0.53 per share, a decrease of 8.62% YoY. The company's quarterly sales were $1.39 billion, missing the analyst consensus estimate of $1.42 billion by 1.90%. However, this is a 0.87% increase over sales of $1.38 billion the same period last year.
August 04, 2023 | 12:15 pm
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Host Hotels & Resorts reported a decrease in Q2 earnings 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