Host Hotels & Resorts Reveals 2% Fall In Q4 Earnings

(RTTNews) - Host Hotels & Resorts (HST) reported a profit for fourth quarter that decreased from last year.

The company said its bottom line totaled $298 million, or $0.39 per share. This was lower than $305 million, or $0.40 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $1.33 billion. This was up from $1.32 billion last year.

Host Hotels & Resorts earnings at a glance:

-Earnings (Q4): $298 Mln. vs. $305 Mln. last year. -Earnings Decline (Y-o-Y): -2.3% -EPS (Q4): $0.39 vs. $0.40 last year. -EPS Decline (Y-o-Y): -2.5% -Analysts Estimate: $0.35 -Revenue (Q4): $1.33 Bln vs. $1.32 Bln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Full year EPS guidance: $1.65 - $1.69