logo
Share SHARE
FONT-SIZE Plus   Neg

Ashford Hospitality Trust Slips To Loss In Q1

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and... Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...
comments powered by Disqus
RELATED NEWS
Trade AHT now with 
Follow RTT