Starwood Hotels (HOT) Tops Q1 EPS by 8c

Starwood Hotels (NYSE: HOT) reported Q1 EPS of $0.65, $0.08 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.39 billion.

Adam Aron, CEO on an interim basis, said, “In the first quarter, our overall results were ahead of our expectations, and with the actions we are taking to improve our performance going forward, we are modestly increasing our guidance range for both Adjusted EBITDA and EPS excluding special items for full year 2015.

“Looking ahead, we are taking meaningful steps to accelerate the pace of our growth. The recent launch of our tenth brand – Tribute Portfolio – is just one of several key initiatives that we will be launching in the near term as we look to expand our footprint and better serve our guests. At the same time, we are actively working to increase our operational efficiency -- with a special focus on reducing costs and more smartly deploying our resources -- to become a leaner and more competitive partner for our hotel owners.”

For earnings history and earnings-related data on Starwood Hotels (HOT) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Lument Finance Trust (LFT) Misses Q2 EPS by 17c
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c