Diamondrock Hospitality Q3 2023 Adj FFO $0.26 Beats $0.23 Estimate, Sales $276.52M Beat $269.74M Estimate
Portfolio Pulse from totan@benzinga.com
Diamondrock Hospitality (NYSE:DRH) reported Q3 2023 earnings of $0.26 per share, beating the analyst consensus estimate of $0.23 by 13.04%. However, this is a 7.14% decrease from the same period last year. The company also reported quarterly sales of $276.52 million, beating the analyst consensus estimate of $269.74 million by 2.51%. This is a 3.10% increase from the same period last year.
November 01, 2023 | 11:33 am
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Diamondrock Hospitality's Q3 2023 earnings and sales beat analyst estimates, but earnings decreased by 7.14% from the same period last year.
While Diamondrock Hospitality beat analyst estimates for both earnings and sales, the decrease in earnings from the same period last year may cause some concern among investors. This could potentially offset the positive impact of beating estimates.
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RELEVANCE 100