Hospitality Properties Trust Q1 adjusted earnings Beat Estimates

(RTTNews) - Hospitality Properties Trust (HPT) announced earnings for its first quarter that increased from the same period last year.

The company's earnings totaled $80.21 million, or $0.49 per share. This compares with $25.84 million, or $0.16 per share, in last year's first quarter.

Excluding items, Hospitality Properties Trust reported adjusted earnings of $154.87 million or $0.94 per share for the period.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $528.63 million from $488.60 million last year.

Hospitality Properties Trust earnings at a glance:

-Earnings (Q1): $154.87 Mln. vs. $148.81 Mln. last year. -EPS (Q1): $0.94 vs. $0.91 last year. -Analysts Estimate: $0.24 -Revenue (Q1): $528.63 Mln vs. $488.60 Mln last year.