the republic logo

Starwood Hotels second-quarter profit increases 12 percent, tops estimate


STAMFORD, Connecticut — Starwood Hotels & Resorts Worldwide Inc. (HOT) on Thursday reported profit that climbed by 12 percent in its second quarter, and topped analysts' expectations.

The Stamford, Connecticut-based company said net income increased to $153 million, or 80 cents per share, from $137 million, or 71 cents per share, in the same quarter a year earlier.

Earnings, adjusted for non-recurring gains and restructuring gains, came to 77 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The company said revenue decreased 1.5 percent to $1.54 billion from $1.56 billion in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $1.55 billion, according to Zacks.

Starwood Hotels shares have increased $4.29, or 5.4 percent, to $83.74 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5 percent. The stock has risen $20.42, or 32 percent, in the last 12 months.

This story was generated automatically by Automated Insights ( using data from Zacks Investment Research. Full HOT report:


Keywords:Starwood Hotels,Earnings Report

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.