La Quinta Holdings (LQ) Tops Q2 EPS by 1c
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La Quinta Holdings (NYSE: LQ) reported Q2 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $269.6 million versus the consensus estimate of $266.78 million.
Based upon management's current estimates, the Company is revising its guidance for full year 2016. This revision reflects the Company's second quarter performance and adjusted expectations for the remainder of the year, as well as the impact of changes in the timing of owned assets leaving the system.
Updated Guidance | Prior Guidance | |||
RevPAR growth on a system-wide comparable hotel basis | -0.75 percent to 0.75 percent | 1.0 percent to 3.0 percent | ||
Adjusted EBITDA | $361 million to $371 million | $367 million to $384 million | ||
Franchise hotel openings | 55 to 60 | 55 to 60 |
For earnings history and earnings-related data on La Quinta Holdings (LQ) click here.
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