logo
Share SHARE
FONT-SIZE Plus   Neg

Ashford Hospitality Trust Slips To Loss In Q1

Ashford Hospitality Trust, Inc. (AHT) said Wednesday that net loss attributable to common shareholders for the first quarter was 29.55 million or $0.44 per share, compared with net income attributable to common shareholders of $31.28 million or $0.46 per share in the prior-year quarter.

Loss from continuing operations for the quarter was $0.44 per share, compared to income from continuing operations of $0.45 per share in the same period last year.

Adjusted funds from operations declined to $0.28 per share from $0.40 per share in the year-ago period.

Revenue for the quarter rose to $225.89 million from $211.79 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter on revenue of $227.13 million. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German lender Commerzbank AG on Friday forecast a net loss for the second quarter of 2017, citing higher than expected restructuring charges related to the implementation of Commerzbank 4.0 strategy. Despite the higher restructuring charges, Commerzbank added that it does not expect to report a negative net result for financial year 2017. Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC.
comments powered by Disqus
Follow RTT