Investing.com - Diamondrock (NYSE:DRH) Hospitality reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Diamondrock Hospitality announced earnings per share of $0.280 on revenue of $266.9M. Analysts polled by Investing.com anticipated EPS of $0.195 on revenue of $258.26M.
Diamondrock Hospitality shares are down 12% from the beginning of the year, still down 22.93% from its 52 week high of $11.15 set on April 29.
Diamondrock Hospitality follows other major Real Estate sector earnings this month
Diamondrock Hospitality's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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