Extended Stay America (STAY) Reports Q2 Loss, Tops Revenue Estimates
Extended Stay America (STAY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this hotel operator would post earnings of $0.04 per share when it actually produced earnings of $0.07, delivering a surprise of 75%.
Over the last four qua…