“Glance: Starwood Hotels 2Q Earnings by the Numbers”

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Glance: Starwood Hotels 2Q Earnings by the Numbers Posted: 22 Jul 2010 09:59 AM PDT NET INCOME: $114 million, down 15 percent from $134 million. EARNINGS PER SHARE: 61 cents per share down from 74 cents per share. Excluding one-time items, earnings per share was 35 cents for the current quarter. REVENUE: $1.29 billion, up from $1.17 billion. EXPECTATIONS: Analysts expected earnings per share of 26 cents on revenue of $1.25 billion, according to Thomson Reuters. Analysts typically exclude one-time items in their estimates. OCCUPANCY RATES: 68.8 percent in the quarter, up from 61.8 percent last year. FORECASTS: Company expects adjusted earnings per share to be between 93 cents and $1.05 for the year and 15 cents per share to 19 cents per share for the third quarter. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Five Filters featured article: Headshot - Propaganda, State Religion and the Attack On the Gaza Peace Flotilla. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

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