La Quinta Holdings (LQ) Tops Q1 EPS by 1c, Commences $100M Buyback

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La Quinta Holdings Inc. Reports Results For First Quarter 2016

April 27, 2016 4:16 PM EDT

IRVING, Texas, April 27, 2016 /PRNewswire/ -- La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) today reported its first quarter 2016 results.

First Quarter 2016 Highlights

Solidified key senior leadership positions with the permanent appointments of the Chief Executive Officer and the Chief Financial Officer and, subsequent to quarter end, the Chief Operating Officer Cash flow generation remained strong, as demonstrated by $84.3 million of Total Adjusted EBITDA Adjusted Earnings per Share increased by $0.01 to $0.09; GAAP Net Loss per Share was $0.31, including... More