Felcor Lodging Trust (FCH) Misses Q3 FFO by 1c; Updates FY15 Guidance; Approves $100M Buyback

Felcor Lodging Trust (NYSE: FCH) reported Q3 FFO of $0.25, $0.01 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $225.2 million versus the consensus estimate of $230.47 million.

Felcor Lodging Trust sees FY2015 FFO of $0.83-$0.86, versus the consensus of $0.88.

Stock Repurchase Program

Our Board has approved a stock repurchase program. Under the new stock repurchase program, we may repurchase up to $100 million of our common stock over the next two years. Under the program, we would repurchase shares from time to time in transactions on the open market, in privately-negotiated transactions or by other means, including Rule 10b5-1 trading plans, in accordance with applicable securities laws and other restrictions. There is no guaranty as to the number of shares that will be repurchased (if any), and we may extend, suspend or discontinue our repurchase program at any time without notice at our discretion. Repurchased shares will be re-designated as authorized but unissued.

For earnings history and earnings-related data on Felcor Lodging Trust (FCH) click here.

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