Feb. 4 (Bloomberg) -- Starwood Hotels & Resorts Worldwide Inc., the owner of the St. Regis and W hotel brands, climbed the most in six months after reporting profit before one-time items that beat analyst estimates and raising its revenue forecast.
Starwood advanced 5.1 percent to $37.25 in New York Stock Exchange Composite trading as of 1:14 p.m. local time. It rose as much as 8.6 percent, the biggest intraday gain since Aug. 7.
Fourth-quarter profit before non-repeated losses was 51 cents a share, the White Plains, New York-based company said in a statement today. The average forecast of 13 analysts in a Bloomberg survey was for adjusted earnings of 23 cents a share.
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