La Quinta Holdings (LQ) Tops Q2 EPS by 3c, Raises Guidance

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August 12, 2014 4:30 PM EDT

La Quinta Holdings (NYSE: LQ) reported Q2 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $260 million versus the consensus estimate of $257.88 million.

Outlook

Based upon management's current estimates, the Company is increasing its guidance for full year 2014 and is expecting:

Updated Guidance

Prior Guidance

RevPAR growth on a system-wide comparable hotel basis

6.0 percent to 7.0 percent

5.5 percent to 7.0 percent

Pro forma Adjusted EBITDA

$367 million to $372 million

$362 million to $368 million

Capital expenditures

$71 million to $77 million

$69 million to $77 million

Franchise hotel openings

45 to 50

45 to 50

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


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