Park Hotels & Resorts Q1 2024 FFO $0.52 Beats $0.45 Estimate, Sales $639.000M Beat $629.707M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts (NYSE:PK) reported Q1 2024 FFO of $0.52 per share, surpassing the $0.45 estimate, with sales of $639M beating the $629.707M estimate but marking a 1.39% decrease from the previous year.
April 30, 2024 | 8:12 pm
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Park Hotels & Resorts reported a strong Q1 2024 performance with FFO and sales exceeding estimates, although sales saw a slight decrease from last year.
Beating both FFO and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the slight year-over-year decrease in sales might temper some of the positive momentum.
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