Host Hotels & Resorts, Inc. (NYSE: HST) announced on Wednesday morning that it beat consensus Wall Street estimates.
Host Hotels & Resorts, Inc. (HST) reported that it swung to a 2nd quarter profit. The company reported net profit of $13 million, or 2 cents per share, compared to a loss of $70 million, or 12 cents per share, a year earlier.
The company reported that its funds from operations were 23 cents per share, while its revenue rose to $1.11 billion, up from $1.05 billion a year earlier.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 22 cents per share, on revenue of $1.07 billion.
The consensus price target of analysts covering the stock is $15.86 per share.
Bethesda, Maryland based Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT) that primarily is involved in the ownership and operation of luxury and upscale hotel properties. The company was formerly known as Host Marriott Corporation.
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