Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Ashford Hospitality Trust Slips To Loss In Q1

RELATED NEWS
Trade AHT now with 
4/25/2012 8:46 PM ET

Ashford Hospitality Trust, Inc. (AHT: Quote) 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.

Click here to receive FREE breaking news email alerts for Ashford Hospitality Trust Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.