Park Hotels & Resorts Inc. Reports First Quarter 2019 Results

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Go back to Park Hotels & Resorts Inc. Reports First Quarter 2019 Results

UPDATE: Park Hotels & Resorts (PK) Tops Q1 EPS by 19c

May 6, 2019 6:09 AM EDT

(Updated - May 6, 2019 6:10 AM EDT)

Park Hotels & Resorts (NYSE: PK) reported Q1 EPS of $0.48, $0.19 better than the analyst estimate of $0.29. Revenue for the quarter came in at $659 million versus the consensus estimate of $659.82 million.

First Quarter 2019 Highlights

Comparable RevPAR was $176.44, an increase of 4.5% from the same period in 2018;Net income was $97 million and net income attributable to stockholders was $96 million;Adjusted EBITDA was $176 million;Adjusted FFO attributable to stockholders was $136... More