Pebblebrook Hotel Trust Q4 Loss decreases, but misses estimates

Pebblebrook Hotel Trust (PEB) announced Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line came in at -$43.56 million, or -$0.34 per share. This compares with -$53.75 million, or -$0.41 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.3% to $319.61 million from $247.28 million last year.

Pebblebrook Hotel Trust earnings at a glance (GAAP) :

-Earnings (Q4): -$43.56 Mln. vs. -$53.75 Mln. last year.
-EPS (Q4): -$0.34 vs. -$0.41 last year.
-Analyst Estimates: -$0.25
-Revenue (Q4): $319.61 Mln vs. $247.28 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT