Investing.com - Drive Shack reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Drive Shack announced earnings per share of $-0.090 on revenue of $88.67M. Analysts polled by Investing.com anticipated EPS of $-0.113 on revenue of $87.06M.
Drive Shack shares are down 71.96% from the beginning of the year , still down 82.22% from its 52 week high of $2.26 set on Monday, November 22, 2021.
Drive Shack shares gained 12.30% in intra-day trade the report.
Drive Shack follows other major Consumer Discretionary sector earnings this month
Drive Shack's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Home Depot had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of $4.24 on revenue of $38.9B, compared to forecast for EPS of $4.12 on revenue of $37.92B.
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