Diamondrock Hospitality Company (NYSE:DRH) will hold its 2Q20 earnings conference call with the financial community on 7th August 2020 at 9:00 AM Eastern Time.
The company disclosed financial results after close of U.S. markets on Thursday 6th August 2020
The conference call will be webcast live on Internet at www.drhc.com
Quarterly Results
Diamondrock Hospitality Company disclosed loss for the second quarter of $ 0.20 per share, from the revenue of $ 20.38 million. The quarterly revenues declined 92.10 percent compared with the same quarter last year. According to street consensus, DRH was expected to report 2Q20 loss of $ 0.34 per share from revenue of $ 25.56 million. The bottom line results beat street analysts by $ 0.14 or 41.18 percent, at the same time, top line results fell short of analysts by $ 5.18 million or 20.27 percent.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
