Pebblebrook Hotel Trust Q1 Loss decreases, but misses estimates

(RTTNews) - Pebblebrook Hotel Trust (PEB) reported Loss for first quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings came in at -$110.87 million, or -$0.85 per share. This compares with -$128.72 million, or -$0.98 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 208.5% to $258.07 million from $83.64 million last year.

Pebblebrook Hotel Trust earnings at a glance (GAAP) :

-Earnings (Q1): -$110.87 Mln. vs. -$128.72 Mln. last year. -EPS (Q1): -$0.85 vs. -$0.98 last year. -Analyst Estimates: -$0.49 -Revenue (Q1): $258.07 Mln vs. $83.64 Mln last year.