Summit Hotel Properties Q3 FFO $0.17 Beats $0.15 Estimate, Sales $177.117M Miss $178.875M Estimate

Summit Hotel Properties (NYSE:INN) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.15 by 12.58 percent. This is a 22.73 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $177.117 million which missed the analyst consensus estimate of $178.875 million by 0.98 percent. This is a 0.18 percent increase over sales of $176.807 million the same period last year.