Morgans Hotel Group Co. (MHGC) Misses Q3 EPS by 35c

Morgans Hotel Group Co. (NASDAQ: MHGC) reported Q3 EPS of ($0.85), $0.35 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $55.62 million versus the consensus estimate of $54.4 million.

Revenue per available room ("RevPAR") for System-Wide Comparable Hotels increased by 2.5% on a year-over-year basis during the first quarter of 2014 despite the adverse impact of the extreme cold weather in New York and the shift of Easter to the second quarter of 2014 versus the first quarter in 2013.

For earnings history and earnings-related data on Morgans Hotel Group Co. (MHGC) click here.

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