CHARLOTTE, N.C. (AP) _ Extended Stay America Inc. (STAY) on Monday reported first-quarter profit of $1.9 million.

The Charlotte, North Carolina-based company said it had net income of 1 cent per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The hotel operator posted revenue of $259.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $253.1 million.

Extended Stay America shares have risen 33% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.73, an increase of 78% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STAY at https://www.zacks.com/ap/STAY

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