Host Hotels Q3 AFFO Meets Estimates, Revenues Up Y/Y, '24 View Lowered
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Host Hotels & Resorts (HST) reported Q3 results with AFFO meeting estimates and a year-over-year increase in total revenues, driven by higher room, food, and beverage revenues. However, the company lowered its 2024 outlook.
November 07, 2024 | 5:15 pm
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Host Hotels & Resorts reported Q3 results with AFFO meeting estimates and a year-over-year increase in revenues. However, the company lowered its 2024 outlook, which may concern investors.
The Q3 results show positive revenue growth, which is a good sign for the company. However, the lowered 2024 outlook could offset this positive news, leading to a neutral short-term impact on the stock price.
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