Host Hotels & Resorts Q1 Profit Rises 11%

(RTTNews) - Host Hotels & Resorts (HST) released earnings for its first quarter that climbed from last year.

The company said its bottom line climbed to $308 million, or $0.41 per share. This was higher than $278 million, or $0.35 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.1% to $1.34 billion. This was up from $1.30 billion last year.

Host Hotels & Resorts earnings at a glance:

-Earnings (Q1): $308 Mln. vs. $278 Mln. last year. -Earnings Growth (Y-o-Y): 10.8% -EPS (Q1): $0.41 vs. $0.35 last year. -EPS Growth (Y-o-Y): 17.1% -Analysts Estimate: $0.38 -Revenue (Q1): $1.34 Bln vs. $1.30 Bln last year. -Revenue Change (Y-o-Y): 3.1%