Sunstone Hotel Investors Inc. (SHO) revealed earnings for first quarter that decreased from the same period last year in line with the Street estimates.
The company's earnings came in at $1.32 million, or $0.01 per share. This compares with $9.35 million, or $0.05 per share, last year.
Analysts on average had expected the company to earn $0.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.8% to $234.06 million from $217.16 million last year.
Sunstone Hotel Investors Inc. earnings at a glance (GAAP) :
-Earnings: $1.32 Mln. vs. $9.35 Mln. last year.
-EPS: $0.01 vs. $0.05 last year.
-Revenue: $234.06 Mln vs. $217.16 Mln last year.
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