Park Hotels & Resorts (PK) Misses Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS Guidance
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2018 Results
February 27, 2019 4:15 PM ESTTYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the fourth quarter and full year ended December31, 2018. Highlights include:
Fourth Quarter 2018 Highlights
Comparable RevPAR was $170.57, an increase of 3.6% from the same period in 2017; Net income was $55 million and net income attributable to stockholders was $54 million; Adjusted EBITDA was $184 million; Adjusted FFO attributable to stockholders was $147 million; Diluted earnings per share was $0.27;... More