Pebblebrook Hotel Trust Q1 Profit Advances 67%

(RTTNews) - Pebblebrook Hotel Trust (PEB) announced earnings for its first quarter that gained ground from last year.

The company said its bottom line climbed to $40.60 million, or $0.56 per share. This was up from $24.37 million, or $0.34 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.1% to $196.25 million. This was up from $163.44 million last year.

Pebblebrook Hotel Trust earnings at a glance:

-Earnings (Q1): $40.60 Mln. vs. $24.37 Mln. last year. -Earnings Growth (Y-o-Y): 66.6% -EPS (Q1): $0.56 vs. $0.34 last year. -EPS Growth (Y-o-Y): 64.7% -Analysts Estimate: $0.46 -Revenue (Q1): $196.25 Mln vs. $163.44 Mln last year. -Revenue Change (Y-o-Y): 20.1%

-Guidance: Next quarter EPS guidance: $0.74 - $0.78 Full year EPS guidance: $2.67 - $2.84