RLJ Lodging Q2 2024 GAAP EPS $0.20 Beats $0.17 Estimate, Sales $369.297M Beat $365.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLJ Lodging (NYSE:RLJ) reported Q2 2024 earnings per share (EPS) of $0.20, beating the analyst estimate of $0.17. Sales were $369.297 million, also surpassing the estimate of $365.646 million. Despite the beats, EPS decreased by 9.09% year-over-year.
August 01, 2024 | 9:02 pm
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RLJ Lodging reported Q2 2024 EPS of $0.20, beating the analyst estimate of $0.17. Sales were $369.297 million, also surpassing the estimate of $365.646 million. Despite the beats, EPS decreased by 9.09% year-over-year.
RLJ Lodging's Q2 2024 earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the year-over-year decline in EPS may temper some of the enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
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RELEVANCE 100