Sunstone Hotel Investors Reports Results For First Quarter 2020
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Sunstone Hotel Investors (SHO) Reports Q1 Revenues Miss
May 8, 2020 8:05 AM EDTSunstone Hotel Investors (NYSE: SHO) reported Q1 EPS of ($0.75), $0.72 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $191.21 million versus the consensus estimate of $222.25 million.
John Arabia, President and Chief Executive Officer, stated, "In response to the unprecedented impact of COVID-19 on the lodging industry and our portfolio, we acted quickly to meet these significant challenges and position ourselves for the future. First, working with our hotel operators, and in consultation with various health authorities, we temporarily... More
