Park Hotels & Resorts (PK) Tops Q2 EPS by 9c, Beats on Revenues

Park Hotels & Resorts (NYSE: PK) reported Q2 EPS of $0.52, $0.09 better than the analyst estimate of $0.43. Revenue for the quarter came in at $733 million versus the consensus estimate of $716.95 million.

Seond Quarter 2017 Operating Results

• Comparable RevPAR was $170.35, a decrease of 0.2% on a Pro-forma basis from the same period in 2016; without San Francisco hotels, Comparable RevPAR increased 1.7%;
• Net income was $115 million;
• Net income attributable to stockholders was $112 million;
• Adjusted EBITDA was $217 million;
• Adjusted FFO attributable to stockholders was $173 million;
• Diluted earnings per share was $0.52;
• Diluted Adjusted FFO per share was $0.81; and
• Comparable Hotel Adjusted EBITDA margin was 29.2%, a decrease of 110 bps on a Pro-forma basis from the same period in 2016; San Francisco hotels contributed to 70 bps of the decline.

For earnings history and earnings-related data on Park Hotels & Resorts (PK) click here.

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