Strategic Hotels & Resorts, Inc. (BEE) reported a wider fourth-quarter net loss attributable to shareholders of $36.4 million or $0.18 per share, compared to $15.9 million or $0.09 per share in the same quarter last year, echoing higher expenses, particularly food, beverage and other departmental expenses and also an impairment charge totaling $18.8 million
Comparable funds from operations, or FFO, for the quarter was $12.2 million or $0.06 per share, down from $20.1 million or $0.11 per share a year ago.
On average, 8 analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose $224.07 million from $193.91 million in the comparable quarter prior year, while 9 analysts expected revenues of $213.27 million for the quarter.
Looking ahead to the full-year 2013, the Company anticipates comparable FFO in a range between $0.33 and $0.40 per share. Analysts expect the company to earn $0.39 per share for 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.