Investing.com - Host Hotels Resorts reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Host Hotels Resorts announced earnings per share of $-0.09 on revenue of $649M. Analysts polled by Investing.com anticipated EPS of $-0.2243 on revenue of $606.58M.
Host Hotels Resorts shares are up 7% from the beginning of the year, still down 14.74% from its 52 week high of $18.52 set on May 3. They are under-performing the S&P 500 which is up 17.76% from the start of the year.
Host Hotels Resorts shares lost 1.20% in after-hours trade following the report.
Host Hotels Resorts follows other major Real Estate sector earnings this month
Host Hotels Resorts's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.65 on revenue of $2.3B, compared to forecasts EPS of $1.28 on revenue of $2.21B.
Prologis had beat expectations on July 19 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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