Park Hotels & Resorts Q2 2024 Adjusted FFO Per Share $0.65 Beats $0.62 Estimate, Sales $686.000M Miss $692.985M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts (NYSE:PK) reported Q2 2024 Adjusted FFO per share of $0.65, beating the estimate of $0.62. However, sales of $686 million missed the $692.985 million estimate.
July 31, 2024 | 8:18 pm
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Park Hotels & Resorts reported Q2 2024 Adjusted FFO per share of $0.65, beating the estimate of $0.62. However, sales of $686 million missed the $692.985 million estimate.
The beat on Adjusted FFO per share is a positive indicator, but the miss on sales and the year-over-year decline in revenue may neutralize the impact. Investors may have mixed reactions.
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