Host Hotels and Resorts Reports Q1 Loss of $60 million

Host Hotels and Resorts Inc HST reported its results for the first quarter on Thursday. HST reported its Q1 net loss at $60 million, or $0.09 per share, versus a net loss of $84 million, or $0.13 per share, in the year-ago period. However, analysts were expecting a loss of $0.07 per share. The company's total sales increased 10% to $903 million. The company projects 2011 earnings of $0.01 to $0.06 per share and net income of $8 million to $42 million. HST shares gained 1.51% to close at $18.11 yesterday. Read more from Benzinga's Company news.