Morgans Hotel Group (MHGC) Posts Q4 EPS of $1.25
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Morgans Hotel Group (NASDAQ: MHGC) reported Q4 EPS of $1.25, which may not compare with the analyst estimate of ($0.23). Revenue for the quarter came in at $57.26 million versus the consensus estimate of $57.5 million.
Revenue per available room (“RevPAR”) for System-Wide Comparable Hotels decreased 5.4% during the fourth quarter of 2015 as compared to the fourth quarter of 2014. System-Wide Comparable Hotels room revenues plus resort and facility fees decreased by 4.5% quarter over quarter.
For earnings history and earnings-related data on Morgans Hotel Group (MHGC) click here.
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