logo
Share SHARE
FONT-SIZE Plus   Neg

Starwood Hotels & Resorts Worldwide Q1 Profit Rises - Quick Facts

Starwood Hotels & Resorts Worldwide Inc. (HOT) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Dave & Buster's Entertainment, Inc. (PLAY) offer a compelling value proposition at the current price. We believe the stock has at least 15% upside from present levels. Despite its presence in the troubled casual-dining sector, Dave & Buster's Entertainment bucks the trend by differentiating its offerings and guest experience. French energy giant Total SA announced Monday that it has agreed to acquire E&P company Maersk Oil & Gas A/S, a unit of A.P. Moller-Maersk A/S, in a $7.45 billion share and debt transaction. Under the agreed terms, the Denmark-based shipping and oil company will receive a consideration of $4.95 billion in Total shares. A.P. Moller-Maersk shares were gaining around 4 percent. Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S.
comments powered by Disqus
Follow RTT