Extended stay america reports q1 adj. eps $0.07

Extended stay america announces first quarter 2020 results and update of covid-19 impact on business.q1 revenue $266.3 million versus refinitiv ibes estimate of $252.1 million.q1 adjusted earnings per share $0.07.q1 earnings per share estimate $0.05 -- refinitiv ibes data.qtrly comparable system-wide revenue per available room declined 5.8% to $43.98.suspended paired share repurchases and reduced quarterly distribution.will not update business performance guidance for 2020.has not had to close any of its hotels due to covid-19.comparable system-wide occupancy for month of april was approximately 61%..company experienced comparable system-wide revpar declines in april 2020 of approximately 35%..
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