Summit Hotel Properties Reports Second Quarter 2019 Results And Announces Newly-Formed Joint Venture With GIC
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/29/2026
- Wall Street ends higher as US, Iran attacks ease; major tech-related shares jump
- Tech funds suffer record outflows as investors trim equity positions
- Comcast shares surge 23% on blockbuster plan to spin off NBCUniversal and Sky
- New leader board: Citi refreshes AI compute semiconductor picks
- Martin Marietta confirms $13.5B deal for Lhoist North America
- Mizuho says ignore Apple noise, flags key catalyst for Micron and memory in H2
- Needham Starts NeoVolta (NEOV) at Buy
- Personalis, Inc. (PSNL) and Tempus (TEM) Expand Collaboration
- EchoStar Prepares Dish DBS Bankruptcy Filing as Soon as Tuesday - WSJ
- Strategy stock jumps 7% as firm shifts to active capital management
Summit Hotel Properties (INN) Reports Q2 EPS of $0.43, Revenues Beat
July 31, 2019 5:22 PM EDTSummit Hotel Properties (NYSE: INN) reported Q2 EPS of $0.43, versus $0.32 reported last year. Revenue for the quarter came in at $142.93 million versus the consensus estimate of $138.95 million.
Second Quarter 2019 Highlights
Net Income: Net income attributable to common stockholders increased 33.6 percent to $45.2 million, or $0.43 per diluted share, compared with $33.9 million, or $0.32 per diluted share, in the same period of 2018.Pro Forma RevPAR: Pro forma revenue per available room ("RevPAR") increased 1.2 percent to $133.51 from the same period in 2018. Pro forma average daily rate ("ADR") increased 1.2 percent to $163.15 compared to the same period in 2018 and... More