Pebblebrook Hotel Trust Q3 Earnings Climb 35%

(RTTNews) - Pebblebrook Hotel Trust (PEB) released a profit for its third quarter that advanced from last year.

The company said its bottom line advanced to $60.4 million, or $0.83 per share. This was higher than $44.7 million, or $0.68 per share, in last year's third quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.5% to $216.32 million. This was up from $169.68 million last year.

Pebblebrook Hotel Trust earnings at a glance:

-Earnings (Q3): $60.4 Mln. vs. $44.7 Mln. last year. -Earnings Growth (Y-o-Y): 35.1% -EPS (Q3): $0.83 vs. $0.68 last year. -EPS Growth (Y-o-Y): 22.1% -Analysts Estimate: $0.82 -Revenue (Q3): $216.32 Mln vs. $169.68 Mln last year. -Revenue Change (Y-o-Y): 27.5%

-Guidance: Next quarter EPS guidance: $0.59 - $0.61 Full year EPS guidance: $2.47 - $2.50