Xenia Hotels & Resorts Q2 2024 FFO $0.52 Beats $0.48 Estimate, Sales $272.904M Miss $275.797M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xenia Hotels & Resorts (NYSE:XHR) reported Q2 2024 earnings per share (EPS) of $0.52, beating the analyst estimate of $0.48. However, the company's sales of $272.904 million missed the estimate of $275.797 million.
August 01, 2024 | 8:43 pm
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Xenia Hotels & Resorts reported Q2 2024 EPS of $0.52, beating the estimate of $0.48, but sales of $272.904 million missed the estimate of $275.797 million.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales. Investors often react more strongly to earnings beats.
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