Chatham Lodging Trust reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 81.97 million compared to USD 59.31 million a year ago. Revenue was USD 87.89 million compared to USD 64.3 million a year ago. Net income was USD 12.13 million compared to net loss of USD 1.32 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 207.9 million compared to USD 135.21 million a year ago. Revenue was USD 224.53 million compared to USD 146.65 million a year ago. Net income was USD 11.83 million compared to net loss of USD 7.22 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.19 a year ago.