Advertisement
Singapore markets open in 2 hours 19 minutes
  • Straits Times Index

    3,144.76
    -38.85 (-1.22%)
     
  • S&P 500

    5,051.41
    -10.41 (-0.21%)
     
  • Dow

    37,798.97
    +63.86 (+0.17%)
     
  • Nasdaq

    15,865.25
    -19.77 (-0.12%)
     
  • Bitcoin USD

    63,773.30
    +451.21 (+0.71%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,820.36
    -145.17 (-1.82%)
     
  • Gold

    2,401.00
    -6.80 (-0.28%)
     
  • Crude Oil

    85.32
    -0.04 (-0.05%)
     
  • 10-Yr Bond

    4.6590
    +0.0310 (+0.67%)
     
  • Nikkei

    38,471.20
    -761.60 (-1.94%)
     
  • Hang Seng

    16,248.97
    -351.49 (-2.12%)
     
  • FTSE Bursa Malaysia

    1,535.00
    -7.53 (-0.49%)
     
  • Jakarta Composite Index

    7,164.81
    -7,286.88 (-50.42%)
     
  • PSE Index

    6,404.97
    -157.46 (-2.40%)
     

Why DiamondRock Hospitality Shares Fell Sharply for a Second Day Tuesday

Why DiamondRock Hospitality Shares Fell Sharply for a Second Day Tuesday

Shares of hotel real estate investment trust (REIT) DiamondRock Hospitality (NYSE: DRH) fell 8.9% Tuesday. DiamondRock's own first-quarter earnings, released after the close on Monday, were obviously more disappointing to investors than expected. DiamondRock's funds from operations -- which for a REIT is the rough equivalent to earnings -- came in at just $0.04 per share in Q1.