Summit Hotel Properties Q2 EPS $0.27, Same YoY, Sales $194.49M Beat $192.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Hotel Properties (NYSE:INN) reported Q2 earnings of $0.27 per share, unchanged YoY. The company's quarterly sales were $194.49 million, beating the analyst consensus estimate of $192.46 million by 1.06 percent, and marking a 6.14 percent increase over sales of $183.25 million the same period last year.
August 04, 2023 | 12:26 pm
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Summit Hotel Properties reported Q2 earnings in line with last year and sales beating estimates, indicating a positive financial performance.
Summit Hotel Properties reported Q2 earnings per share unchanged from last year, indicating stable profitability. The company's sales beat estimates by 1.06% and increased by 6.14% YoY, suggesting strong revenue growth. This could positively impact the company's stock in the short term.
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