Apple Hospitality REIT Q4 2023 GAAP EPS $0.31, Inline, Sales $312.46M Beat $302.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple Hospitality REIT (NYSE:APLE) reported Q4 2023 earnings of $0.31 per share, meeting analyst estimates, and sales of $312.46M, exceeding expectations by 3.30%. This represents a 6.06% decrease in EPS and a 4.46% increase in sales compared to the same period last year.
February 22, 2024 | 9:51 pm
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Apple Hospitality REIT reported Q4 2023 earnings of $0.31 per share, aligning with estimates, and sales of $312.46M, beating estimates by 3.30%. EPS decreased by 6.06% and sales increased by 4.46% year-over-year.
The earnings report for Apple Hospitality REIT shows a mixed performance with EPS meeting expectations but showing a decrease from the previous year, while sales exceeded estimates and showed growth. This mixed result could lead to a neutral short-term impact on the stock price as positive sales growth may offset concerns over the decrease in EPS.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100