Sunstone Hotel Investors Reports Results For Third Quarter 2019
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Sunstone Hotel Investors (SHO) Reports In-Line Q3 EPS, Revenues Beat
November 4, 2019 4:29 PM ESTSunstone Hotel Investors (NYSE: SHO) reported Q3 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $281.64 million versus the consensus estimate of $278.35 million.
Net income decreased 63.4% to $33.5 million. Excluding the effect of the four hotels sold during the third and fourth quarters of 2018, net income would have decreased 12.0%.Income attributable to common stockholders per diluted common share decreased 68.4% to $0.12. Excluding the effect of the four hotels sold during the third and fourth quarters of 2018, income attributable to common stockholders per diluted common share would have decreased 14.3%.21... More