Ashford Hospitality Trust (AHT) Reports Q3 Loss, Tops Revenue Estimates
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Ashford Hospitality Trust (AHT) reported a Q3 loss of $1.71 per share, missing the Zacks Consensus Estimate of $0.70. However, the company exceeded revenue expectations.
November 06, 2024 | 12:00 am
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Ashford Hospitality Trust reported a Q3 loss of $1.71 per share, which is significantly worse than the expected loss of $0.70 per share. Despite this, the company exceeded revenue expectations.
The significant miss on earnings per share compared to estimates is likely to negatively impact AHT's stock price in the short term. However, the fact that revenue expectations were exceeded may mitigate some of the negative sentiment.
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