Drive Shack (DS) Reports Q2 Loss of $0.09, Revenues Beat

Drive Shack (NYSE: DS) reported Q2 EPS of ($0.09). Revenue for the quarter came in at $91 million versus the consensus estimate of $70.4 million.

• GAAP Loss of $6 million, or $0.09 per share, for the three months ended June 30, 2018, compared to a loss of $6 million, or $0.09 per share, in the prior year corresponding period.
• GAAP Loss of $24 million, or $0.36 per share, for the six months ended June 30, 2018, compared to a loss of $20 million, or $0.31 per share, in the prior year corresponding period.
  • 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, partially offset by stronger year-over-year performance in the traditional golf business.

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

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