Service Properties Trust Announces First Quarter 2020 Results
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Service Properties Trust (SVC) Misses Q1 EPS by 15c, Revenues Beat
May 11, 2020 7:02 AM EDTService Properties Trust (NASDAQ: SVC) reported Q1 EPS of ($0.20), $0.15 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $483.78 million versus the consensus estimate of $481.23 million.
Net Income (loss):Net loss for the quarter ended March 31, 2020 was $33.7 million, or $0.20 per diluted common share, compared to net income of $225.8 million, or $1.37 per diluted common share, for the quarter ended March 31, 2019. Net loss for the quarter ended March 31, 2020 includes a $6.9 million, or $0.04 per diluted common share, net loss on the sale of real estate, $5.0 million, or $0.03 per diluted common share, of... More