Hospitality Properties Trust Q2 adjusted earnings Beat Estimates

(RTTNews) - Hospitality Properties Trust (HPT) released a profit for second quarter that dropped from last year.

The company's bottom line totaled $8.78 million, or $0.05 per share. This compares with $97.29 million, or $0.59 per share, in last year's second quarter.

Excluding items, Hospitality Properties Trust reported adjusted earnings of $168.77 million or $1.03 per share for the period.

Analysts had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.2% to $610.56 million from $611.95 million last year.

Hospitality Properties Trust earnings at a glance:

-Earnings (Q2): $168.77 Mln. vs. $176.19 Mln. last year. -EPS (Q2): $1.03 vs. $1.07 last year. -Analysts Estimate: $0.30 -Revenue (Q2): $610.56 Mln vs. $611.95 Mln last year.