Ashford (AINC) Tops Q1 EPS by 33c

Ashford (NYSE: AINC) reported Q1 EPS of $1.92, $0.33 better than the analyst estimate of $1.59. Revenue for the quarter came in at $13 million versus the consensus estimate of $16.9 million.

• Net loss attributable to the Company for the first quarter of 2017 totaled $2.4 million, or $1.18 per share, compared with a net loss of $1.7 million, or $0.86 per share, in the prior year quarter. Adjusted net income for the first quarter was $4.4 million, or $1.92 per diluted share, compared with $2.4 million, or $1.05 per diluted share, in the prior year quarter, reflecting a growth rate of 83% over the prior year.
• Total revenue for the first quarter of 2017 was $13.0 million
• Adjusted EBITDA for the first quarter was $5.1 million, reflecting a growth rate of 68% over the prior year
• At the end of the first quarter of 2017, the Company had approximately $6.3 billion of assets under management
• As of March 31, 2017, the Company had corporate cash of $35.4 million

For earnings history and earnings-related data on Ashford (AINC) click here.

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