Starwood Hotels beats by $0.10, reports revs in-line; guides Q3 EPS below consensus; guides FY15 EPS in-line
Reports Q2 (Jun) earnings of $0.84 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.74; revenues fell 3.8% year/year to $1.48 bln vs the $1.47 bln consensus.
- Co issues downside guidance for Q3, sees EPS of ~$0.69-0.73, excluding non-recurring items, vs. $0.74 Capital IQ Consensus Estimate.
- REVPAR increases at Same-Store Systemwide Hotels Worldwide of 4% to 6% in constant dollars
- Co issues in-line guidance for FY15, sees EPS of $2.93-3.03, excluding non-recurring items, vs. $2.98 Capital IQ Consensus Estimate.
- REVPAR increases at Same-Store Owned Hotels Worldwide of 5% to 7% in constant dollars