Service Properties Trust Announces Second Quarter 2020 Results

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Go back to Service Properties Trust Announces Second Quarter 2020 Results

Service Properties Trust (SVC) Tops Q2 EPS by 40c, Revenues Beat

August 7, 2020 7:05 AM EDT

Service Properties Trust (NASDAQ: SVC) reported Q2 EPS of ($0.23), $0.40 better than the analyst estimate of ($0.63). Revenue for the quarter came in at $214.94 million versus the consensus estimate of $201.65 million.

John Murray, President and Chief Executive Officer of SVC, made the following statement:

While the travel industry and certain service retail businesses continue to experience unprecedented challenges due to the COVID-19 pandemic, we have continued to take proactive steps to increase our liquidity, manage our debt maturities and preserve capital.

By completing an $800... More