Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Starwood Hotels & Resorts Worldwide Q1 Profit Rises - Quick Facts

Starwood Hotels & Resorts Worldwide Inc. (HOT: Quote) reported that its first-quarter net income attributable to Common Stockholders was $128 million and $0.65 per share, up from $28 million and $0.14 per share in the first quarter of 2011.

Excluding special items, earnings from continuing operations was $0.63 per share for the first quarter of 2012, including income from The St. Regis Bal Harbour Resort residential project, compared to $0.30 per share in the first quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $1.72 billion from $1.30 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $1.54 billion for the quarter.

For the second-quarter, Including Bal Harbour, earnings per share is expected to be approximately $0.58 to $0.62. Analysts expect the company to report earnings of $0.60 per share for the second-quarter.

For the Full Year 2012, Including Bal Harbour, earnings per share before special items is expected to be approximately $2.35 to $2.46. Previously, the company had expected earnings per share to be about $2.22 to $2.33, inclusive of Bal Harbour. Analysts expect the company to report earnings of $2.31 per share for fiscal 2012.

Register
To receive FREE breaking news email alerts for Starwood Hotels & Resorts Worldwide Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.