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