RLJ Lodging Q4 2023 GAAP EPS $0.01 Beats undefined Estimate, Sales $319.71M Beat $314.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLJ Lodging reported Q4 2023 GAAP EPS of $0.01, surpassing the undefined analyst consensus estimate. Quarterly sales reached $319.71M, exceeding the $314.28M estimate by 1.73% and marking a 5.80% increase from the previous year.
February 26, 2024 | 9:50 pm
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RLJ Lodging's Q4 2023 earnings surpassed estimates with an EPS of $0.01 and sales of $319.71M, indicating a positive performance.
RLJ Lodging's earnings beat, with both EPS and sales exceeding analyst estimates, suggests a strong financial performance for the quarter. This outperformance, especially in sales which saw a 5.80% increase from the previous year, is likely to positively influence investor sentiment and potentially lead to a short-term uptick in RLJ's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100