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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