Park Hotels & Resorts Inc. Reports Second Quarter 2019 Results
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Park Hotels & Resorts (PK) Misses Q2 EPS by 13c; Lowers FY19 EPS Guidance
July 31, 2019 4:52 PM EDTPark Hotels & Resorts (NYSE: PK) reported Q2 EPS of $0.40, $0.13 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $703 million versus the consensus estimate of $703.75 million.
Comparable RevPAR was $191.72, an increase of 0.8% from the same period in 2018;Net income was $84 million and net income attributable to stockholders was $82 million;Adjusted EBITDA was $207 million;Adjusted FFO attributable to stockholders was $164 million;Diluted earnings per share was $0.40;Diluted Adjusted FFO per share was $0.81;Comparable Hotel Adjusted EBITDA margin was 31.3% or a... More