Belmond Ltd. (BEL) Tops Q3 EPS by 6c, Revenues Miss; Reaffirms FY18 EBITDA Outlook

Belmond Ltd. (NYSE: BEL) reported Q3 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $193.2 million versus the consensus estimate of $195.82 million.

• Net earnings attributable to Belmond Ltd. of $12.6 million, compared with net earnings of $7.8 million for prior-year quarter
• Adjusted net earnings from continuing operations of $35.5 million, compared with adjusted net earnings of $15.5 million for prior-year quarter
• Adjusted EBITDA of $75.1 million up 21%, compared to adjusted EBITDA of $62.2 million for prior-year quarter
• Same store revenue per available room (“RevPAR”) up 6% from prior-year quarter in both constant currency and US dollars
• Reaffirms Full-Year adjusted EBITDA guidance at $140 million to $150 million

For earnings history and earnings-related data on Belmond Ltd. (BEL) click here.

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