Apple Hospitality REIT Q2 2024 FFO $0.50, Inline, Sales $390.077M Beat $387.507M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple Hospitality REIT (NYSE:APLE) reported Q2 2024 earnings per share of $0.50, meeting analyst expectations. The company also reported sales of $390.077 million, surpassing the $387.507 million estimate and marking a 7.87% increase from the same period last year.
August 05, 2024 | 8:35 pm
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Apple Hospitality REIT reported Q2 2024 earnings per share of $0.50, meeting analyst expectations. Sales of $390.077 million beat estimates and grew 7.87% year-over-year.
Meeting earnings expectations and beating sales estimates, along with a significant year-over-year sales increase, is likely to positively impact APLE's stock price in the short term.
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