Park Hotels & Resorts (PK) Surpasses Q1 FFO and Revenue Estimates

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of$ 0.41 per share. This compares to FFO of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 12.20%. A quarter ago, it was expected that this company would post FFO of$ 0.40 per share when it actually produced FFO of $0.39, delivering a surprise of -2.50%.Over the last four quarters, the compa ...