Braemar Hotels & Resorts Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 100.74 million compared to USD 104.5 million a year ago. Revenue was USD 159.8 million compared to USD 161.19 million a year ago. Net loss was USD 22.03 million compared to USD 8.04 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.5 compared to USD 0.24 a year ago.
For the nine months, sales was USD 355.4 million compared to USD 322.22 million a year ago. Revenue was USD 561.81 million compared to USD 497.96 million a year ago. Net loss was USD 7.84 million compared to net income of USD 20.99 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.63 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.