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Stock impact report

INNSUITES HOSPITALITY TRUST (IHT) – DIVERSIFICATION, YTD PROFITS. THIRD QUARTER.

InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) 
NASDAQ:AMEX Investor Relations: innsuitestrust.com
Company Research Source: GlobeNewswire
Phoenix, AZ, Dec. 26, 2019 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) IHT reported fiscal third quarter revenues of approximately $1.50 million for the three months August 1, 2019 to October 31, 2019 up slightly from revenues of approximately $1.49 million for the same prior year period. Basic earnings per share for the three months ended October 31, 2019 was ($0.02) compared with $2.00 for the three months ended October 31, 2018, which reflected profitable asset sales. For the 12-month trailing periods November 1, 2018 to October 31, 2019, and November 1, 2017 to October 31, 2018, total revenue was approximately $6.5 million, up sharply from approximately $12.0 million in the prior 12-month period. Total reported earnings were approximately $658,000. This compared to earnings of approximately $8,274,000 million in the prior 12-month period. For the same two 12-month trailing periods, non-cash depreciation and amortization was approximately $987,000 an Show less Read more
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