Summit Hotel Properties (INN) Tops Q1 FFO by 3c; Guides Q2, FY12

Summit Hotel Properties (NYSE: INN) reported Q1 FFO of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $40 million versus the consensus estimate of $39.61 million.

Sees Q2 2012 FFO of $0.23-$0.25, versus the consensus of $0.26.

Sees FY2012 FFO of $0.75-$0.80, versus the consensus of $0.80.

For earnings history and earnings-related data on Summit Hotel Properties (INN) click here.

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