Morgans Hotel Group (MHGC) Reports In-Line Q3 Loss

Morgans Hotel Group (NASDAQ: MHGC) reported Q3 EPS of ($0.40), in-line with the analyst estimate of ($0.40). Revenue for the quarter came in at $55.51 million versus the consensus estimate of $59.8 million.

Revenue per available room ("RevPAR") for System-Wide Comparable Hotels increased by 3.7% on a year-over-year basis during the third quarter of 2014.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Cisco rating cut at HSBC as analyst sees a lack of catalysts