Sunstone Hotel Invts Q2 Adj EPS $0.33 Up From $0.30 YoY, Sales $276.10M Beat $274.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunstone Hotel Invts (NYSE:SHO) reported Q2 adjusted earnings of $0.33 per share, a 10% increase YoY. The company's quarterly sales of $276.10M beat the analyst consensus estimate of $274.58M by 0.55%, marking a 9.88% increase YoY.
August 04, 2023 | 3:10 pm
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POSITIVE IMPACT
Sunstone Hotel Invts reported better than expected Q2 earnings and sales, which could positively impact its stock.
Sunstone Hotel Invts reported a 10% YoY increase in Q2 earnings and a 9.88% YoY increase in sales, beating analyst estimates. This positive financial performance could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100