Hospitality Properties Trust Q3 adjusted earnings Beat Estimates

(RTTNews) - Hospitality Properties Trust (HPT) revealed earnings for its third quarter that advanced from the same period last year.

The company's earnings totaled $117.09 million, or $0.71 per share. This compares with $85.73 million, or $0.52 per share, in last year's third quarter.

Excluding items, Hospitality Properties Trust reported adjusted earnings of $174.65 million or $1.06 per share for the period.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $603.15 million from $577.59 million last year.

Hospitality Properties Trust earnings at a glance:

-Earnings (Q3): $174.65 Mln. vs. $175.46 Mln. last year. -EPS (Q3): $1.06 vs. $1.07 last year. -Analysts Estimate: $0.08 -Revenue (Q3): $603.15 Mln vs. $577.59 Mln last year.