Investing.com - Host Hotels Resorts reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Host Hotels Resorts announced earnings per share of $0.02 on revenue of $1.05B. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $1.12B. That with comparison to EPS of $0.25 on revenue of $1.39B in the same period a year before. Host Hotels Resorts had reported EPS of $0.11 on revenue of $1.33B in the previous quarter. Analysts are expecting EPS of $-0.04 and revenue of $580.39M in the upcoming quarter.
Host Hotels Resorts shares are down 36% from the beginning of the year , still down 43.25% from its 52 week high of $19.47 set on May 16, 2019. They are under-performing the STOXX 600 which is down 18.85% year to date.
Host Hotels Resorts follows other major Services sector earnings this month
Host Hotels Resorts's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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