Drive Shack (DS) Misses Q1 EPS by 8c, Miss on Revenues

Drive Shack (NYSE: DS) reported Q1 EPS of ($0.08), $0.08 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $66.66 million versus the consensus estimate of $70.4 million.

• GAAP Loss of $18 million, or $0.26 per share, compared to loss of $14 million, or $0.21 per share, in 1Q 2017.
• Core Earnings of $(5) million, or $(0.08) per share, compared to $(0.4) million, or $(0.01) per share, in 1Q 2017.
  • Year-over-year decrease is primarily due to lower interest income because of the repayment of the resorts-related loan and sale of agency securities.

For earnings history and earnings-related data on Drive Shack (DS) click here.

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