Service Properties Trust Q3 2023 EPS $0.56 Up From $0.54 YoY, Sales $496.82M Beat $489.19M Estimate
Portfolio Pulse from vinayak@benzinga.com
Service Properties Trust (NASDAQ:SVC) reported Q3 2023 earnings of $0.56 per share, a 3.7% increase YoY. The company's quarterly sales were $496.82M, beating the analyst consensus estimate of $489.19M by 1.56%, but representing a 0.29% decrease from the same period last year.
November 06, 2023 | 9:39 pm
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POSITIVE IMPACT
Service Properties Trust reported a YoY increase in Q3 2023 earnings and beat sales estimates, but experienced a slight decrease in sales compared to the same period last year.
Service Properties Trust's earnings beat and sales outperformance could positively impact the stock in the short term. However, the slight YoY decrease in sales might temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100