Ashford (AINC) Misses Q1 EPS by 11c

Ashford (NYSE: AINC) reported Q1 EPS of $2.39, $0.11 worse than the analyst estimate of $2.50.

• Net loss attributable to common stockholders for the first quarter of 2019 totaled $2.6 million, or $1.13 per diluted share, compared with a net loss of $5.7 million, or $2.84 per diluted share, in the prior-year quarter. Adjusted net income for the first quarter was $10.1 million, or $2.39 per diluted share, compared with $4.6 million, or $1.72 per diluted share, in the prior-year quarter.
• Total revenue for the first quarter of 2019 was $63.3 million, reflecting a growth rate of 31% over the prior-year quarter.
• Adjusted EBITDA for the first quarter was $11.3 million, reflecting a growth rate of 110% over the prior-year quarter.
• At the end of the first quarter of 2019, the Company had approximately $7.0 billion of assets under management, representing 8.1% growth over last quarter.
• On January 17, 2019, the Company announced the new Enhanced Return Funding Program agreement with Braemar Hotels & Resorts.
• During the quarter, J&S Audio Visual completed the acquisition of substantially all of the assets of BAV, an integrated provider of audio visual services based in Buffalo, New York.

For earnings history and earnings-related data on Ashford (AINC) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Cerebras Systems posts 94% revenue jump, announces OpenAI deal
• Millrose Properties Announces Quarterly Dividend Payment