Park Hotels & Resorts Q3 2024 GAAP EPS $0.49, Inline, Sales $649.00M Beat $647.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts reported Q3 2024 earnings per share of $0.49, meeting analyst expectations, and sales of $649 million, slightly surpassing estimates. However, sales decreased by 4.42% compared to the same period last year.

October 29, 2024 | 8:19 pm
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Park Hotels & Resorts reported Q3 2024 earnings per share of $0.49, meeting analyst expectations, and sales of $649 million, slightly surpassing estimates. However, sales decreased by 4.42% compared to the same period last year.
The earnings per share met expectations, which is neutral for the stock price. The slight beat in sales estimates is positive, but the year-over-year decline in sales is a negative factor. Overall, these mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100