Host Hotels & Resorts Q1 Earnings Fall 13%

(RTTNews) - Host Hotels & Resorts (HST) announced a profit for first quarter that retreated from last year.

The company said its profit came in at $158 million, or $0.21 per share. This was down from $182 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 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 $1.35 billion. This was up from $1.34 billion last year.

Host Hotels & Resorts earnings at a glance:

-Earnings (Q1): $158 Mln. vs. $182 Mln. last year. -Earnings Decline (Y-o-Y): -13.2% -EPS (Q1): $0.21 vs. $0.24 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.15 -Revenue (Q1): $1.35 Bln vs. $1.34 Bln last year. -Revenue Change (Y-o-Y): 0.7%