Extended Stay America Announces Second Quarter 2018 Results
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Extended Stay America (STAY) Tops Q2 EPS by 24c, Revenues In-Line; Boosts FY18 EPS Mid-Point Outlook
July 25, 2018 4:25 PM EDTExtended Stay America (NASDAQ: STAY) reported Q2 EPS of $0.58, $0.24 better than the analyst estimate of $0.34. Revenue for the quarter came in at $336.5 million versus the consensus estimate of $336.59 million.
Second Quarter 2018 Highlights
Total revenues of $336.5 millionComparable system-wide Revenue Per Available Room (RevPAR) grew 1.6% to $53.91Adjusted EBITDA of $167.3 millionAdjusted Funds From Operations (Adjusted... More