Diamondrock Hospitality Q2 2024 FFO $0.34 Beats $0.32 Estimate, Sales $309.280M Beat $301.770M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.
August 01, 2024 | 8:50 pm
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Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32 by 6.25%. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.
The company exceeded both earnings and sales estimates, which is likely to positively impact the stock price in the short term. The 6.19% year-over-year increase in sales further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100