Summit Hotel Properties Reports Third Quarter 2017 Results

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Go back to Summit Hotel Properties Reports Third Quarter 2017 Results

Summit Hotel Properties (INN) Misses Q3 EPS by 1c

October 30, 2017 4:36 PM EDT

Summit Hotel Properties (NYSE: INN) reported Q3 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18.

Net Income: Net income attributable to common stockholders decreased to $18.2 million, or $0.17 per diluted share, compared with $22.1 million, or $0.25 per diluted share, in the same period of 2016. When excluding the $7.7 million and $10.5 million pretax gain on disposal of assets during the three months ended September 30, 2017 and 2016, respectively, net income attributable to common stockholders decreased by $1.1 million as compared to the same... More