Braemar Hotels & Resorts (BHR) Reports Q3 Loss, Misses Revenue Estimates
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Braemar Hotels & Resorts (BHR) reported a Q3 loss of $0.24 per share, missing the Zacks Consensus Estimate of a $0.04 loss. This is a larger loss compared to $0.08 per share a year ago.
November 07, 2024 | 1:30 am
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Braemar Hotels & Resorts reported a larger than expected Q3 loss of $0.24 per share, missing the consensus estimate of $0.04. This indicates a worsening financial performance compared to the previous year.
The reported loss of $0.24 per share is significantly worse than the expected loss of $0.04, indicating a negative surprise for investors. This is likely to put downward pressure on the stock price in the short term as it reflects a deterioration in financial performance compared to the previous year.
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