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La Quinta Holdings (LQ) Tops Q1 EPS by 1c, Commences $100M Buyback

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April 27, 2016 4:44 PM EDT

La Quinta Holdings (NYSE: LQ) reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $241.8 million versus the consensus estimate of $238.12 million.

Outlook

Based upon management's current estimates, the Company is reaffirming its guidance for full year 2016:

Outlook

Based upon management's current estimates, the Company is reaffirming its guidance for full year 2016:

Guidance

RevPAR growth on a system-wide comparable hotel basis

1.0 percent to 3.0 percent

Adjusted EBITDA

$367 million to $384 million

Franchise hotel openings

55 to 60

Commenced a second $100 million share repurchase program, acquiring a total of $25 million of shares as of March 31, 2016 and a total of $61 million of shares through April 22, 2016

For earnings history and earnings-related data on La Quinta Holdings (LQ) click here.


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