India, May 19 -- Modular accommodations and value added hospitality services company Target Hospitality Corp. (TH), Monday announced net loss for the first quarter compared to profit last year. The results were impacted by reduced revenue reflecting lower average utilized beds.
The quarterly loss was $6.459 million or $0.07 per share, compared to profit of $20.363 million or $0.20 per share last year.
Three analysts, on average, were looking for loss of $0.02 per share. Analysts estimates usually exclude special items.
Revenue for the quarter declined to $69.897 million from $106.672 million in the prior year.
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The company noted that the decrease were p...