Hospitality Properties Trust Announces 12% Advance In Q2 Bottom Line

(RTTNews) - Hospitality Properties Trust (HPT) reported a profit for its second quarter that advanced from last year.

The company said its bottom line totaled $165.71 million, or $1.09 per share. This was higher than $148.14 million, or $0.99 per share, in last year's second quarter.

Analysts had expected the company to earn $1.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.5% to $550.30 million. This was up from $507.07 million last year.

Hospitality Properties Trust earnings at a glance:

-Earnings (Q2): $165.71 Mln. vs. $148.14 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q2): $1.09 vs. $0.99 last year. -EPS Growth (Y-o-Y): 10.1% -Analysts Estimate: $1.05 -Revenue (Q2): $550.30 Mln vs. $507.07 Mln last year. -Revenue Change (Y-o-Y): 8.5%