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
Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"... QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
comments powered by Disqus
Follow RTT