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Lodging REIT company $HST reported a 35.7% drop in earnings due to higher costs and expenses, and lower gain on sale of assets. Net income fell to $163MM or $0.22 per share from $254MM or $0.33 per share last year. Revenue rose to $1.33Bil from $1.32Bil. NAREIT FFO per share slid by 7.5% and adjusted FFO per share declined by 2.5%.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.