Investing.com - Host Hotels Resorts reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Host Hotels Resorts announced earnings per share of $0.36 on revenue of $1.38B. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $1.26B.
Host Hotels Resorts shares are down 23% from the beginning of the year, still down 19.83% from its 52 week high of $21.63 set on May 5. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Host Hotels Resorts shares gained 3.17% 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 July 28, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
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