Host Hotels & Resorts Announces 4% Rise In Q2 Profit

(RTTNews) - Host Hotels & Resorts (HST) reported a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $367 million, or $0.49 per share. This was up from $352 million, or $0.46 per share, in last year's second quarter.

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

The company said revenue for the quarter rose 0.7% to $1.45 billion. This was up from $1.44 billion last year.

Host Hotels & Resorts earnings at a glance:

-Earnings (Q2): $367 Mln. vs. $352 Mln. last year. -Earnings Growth (Y-o-Y): 4.3% -EPS (Q2): $0.49 vs. $0.46 last year. -EPS Growth (Y-o-Y): 6.5% -Analysts Estimate: $0.49 -Revenue (Q2): $1.45 Bln vs. $1.44 Bln last year. -Revenue Change (Y-o-Y): 0.7%