Starwood Hotels & Resorts Worldwide Inc., owner of luxury brands including the St. Regis and W hotels, reported earnings that beat analysts’ estimates and raised its forecast for revenue per available room.
Excluding one-time items, income from continuing operations rose to $67 million, or 35 cents a share, from $40 million, or 22 cents, a year earlier, the White Plains, New York-based company said in a statement today. Analysts predicted earnings on that basis of 26 cents a share, according to the average of 18 estimates compiled by Bloomberg.
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