Investing.com - Host Hotels Resorts reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Host Hotels Resorts announced earnings per share of $0.16 on revenue of $1.07B. Analysts polled by Investing.com anticipated EPS of $0.0178 on revenue of $941.37M.
Host Hotels Resorts shares are up 15% from the beginning of the year and are trading at $20.13 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.13% from the start of the year.
Host Hotels Resorts follows other major Real Estate sector earnings this month
Host Hotels Resorts's report follows an earnings beat by Prologis on April 19, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
American Tower had beat expectations on April 27 with first quarter EPS of $1.56 on revenue of $2.6B, compared to forecast for EPS of $1.11 on revenue of $2.6B.
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