Glance: Starwood Hotels & Resorts Worldwide Inc. 2nd-quarter results
By APThursday, July 22, 2010
Glance: Starwood Hotels 2Q earnings by the numbers
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.
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