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DiamondRock Hospitality beat Q3 earnings estimates, raised 2025 guidance, and saw shares rise.
DiamondRock Hospitality reported Q3 earnings of $0.29 per share, beating estimates by $0.04, and revenue of $285.38 million, exceeding expectations of $277.45 million, with a 0.1% year-over-year increase.
The company raised its 2025 full-year guidance to $1.02–$1.06 per share.
Shares rose $0.75 to $8.96 on Friday, with volume more than double average.
The REIT owns 36 premium hotels with over 9,700 rooms across key markets, operating under global and independent brands.
Analysts maintain a consensus "Hold" rating with a $8.88 target.
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DiamondRock Hospitality superó las estimaciones de ganancias del tercer trimestre, elevó la guía de 2025 y vio subir las acciones.