Park Hotels & Resorts (PK) Matches Q3 FFO Estimates

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.49 per share, in line with the Zacks Consensus Estimate. This compares to FFO of$0.51 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post FFO of $0.63 per share when it actually produced FFO of$0.65, delivering a surprise of 3.17%. Over the last four quarters, the company has surpassed consensus FFO estimates three times. Park Hotels & Resor ...