Target Hospitality Corp. (TH) reported a loss in the first quarter. The company is the largest provider of specialty hospitality accommodations and value-added hospitality services in the U.S. Shares of the company rose almost 2% on May 24. The company incurred a loss of $0.14 per share in Q1, compared to earnings of $0.06 per share in the year-ago quarter. Revenue generated in the quarter was $45.5 million, which declined 36.5% from the year-ago period. However, the figure was above the consensus estimate of $40.93 million.
https://www.tipranks.com/news/target-hospitality-posts-loss-in-q1-shares-up
Target Hospitality (NASDAQ:TH)
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