Sunstone Hotel Investors Reports Results For Second Quarter 2019
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Sunstone Hotel Investors (SHO) Tops Q2 EPS by 2c, Revenues Beat
August 1, 2019 4:28 PM EDTSunstone Hotel Investors (NYSE: SHO) reported Q2 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $302.9 million versus the consensus estimate of $297.94 million.
Net income decreased 10.4% to $45.9 million. Excluding the effect of the four hotels sold subsequent to the second quarter of 2018, net income would have decreased 5.2%.Income attributable to common stockholders per diluted common share decreased 10.0% to $0.18. Excluding the effect of the four hotels sold subsequent to the... More