RLJ Lodging Trust (NYSE:RLJ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
RLJ Lodging Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.48 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 17.56% to $222.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RLJ Lodging Trust reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $217.76 million.
Quoting Management: “2012 marked another outstanding year for RLJ. We demonstrated our commitment to drive growth and deliver excellent results,” commented Thomas J. Baltimore, Jr., President and Chief Executive Officer. “With our two-year renovation plan completed, new hotels in key gateway markets, and a strong balance sheet, we are well positioned to continue to deliver outsized growth.”
Key Stats (on next page)…