Diamondrock Hospitality Q2 EPS $0.32 Down From $0.36 YoY, Sales $291.20M Miss $295.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diamondrock Hospitality (NYSE:DRH) reported Q2 earnings of $0.32 per share, a decrease of 11.11% YoY. The company's quarterly sales were $291.20 million, missing the analyst consensus estimate of $295.91 million by 1.59%. However, this is a 3.48% increase over sales from the same period last year.
August 04, 2023 | 2:24 pm
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Diamondrock Hospitality's Q2 earnings per share decreased by 11.11% YoY and sales missed analyst estimates, which could negatively impact the stock price.
Diamondrock Hospitality reported a decrease in earnings per share 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