RLJ Lodging: Q1 Earnings Insights

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RLJ Lodging RLJ reported its Q1 earnings results on Thursday, May 4, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

RLJ Lodging beat estimated earnings by 400.0%, reporting an EPS of $0.03 versus an estimate of $-0.01.

Revenue was up $71.60 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 1.39% drop in the share price the next day.

Here's a look at RLJ Lodging's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0 0.08 0.09 -0.16
EPS Actual 0 0.07 0.16 -0.13
Revenue Estimate 304.05M 313.68M 321.93M 239.16M
Revenue Actual 302.19M 318.07M 330.50M 242.90M

To track all earnings releases for RLJ Lodging visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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