Starwood Reports Second Quarter 2015 Results

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Go back to Starwood Reports Second Quarter 2015 Results

Starwood Hotels (HOT) Tops Q2 EPS by 4c

July 30, 2015 7:06 AM EDT

Starwood Hotels (NYSE: HOT) reported Q2 EPS of $0.79, $0.04 better than the analyst estimate of $0.75.

Starwood Hotels sees FY2015 EPS of $2.93-$3.03, versus the consensus of $2.99.

Starwood Hotels sees Q3 2015 EPS of $0.69-$0.73, versus the consensus of $0.74.

Outlook

The following outlook assumes the planned spin-off of the vacation ownership business occurs on December 31, 2015. Transaction costs related to the planned spin-off are not included in full year SG&A guidance.

For the full year 2015:

Adjusted EBITDA is expected to be approximately $1.175 billion to $1.200 billion (based on the assumptions below).REVPAR... More