Home Inns & Hotels Management Q4 Profit Up - Quick Facts

(RTTNews) - Home Inns & Hotels Management Inc. (HMIN) Wednesday reported fourth-quarter profit of 12.9 million Chinese yuan or 0.27 yuan per ADS, up from 6.3 million yuan or 0.14 yuan per ADS in the same period last year. Earnings in dollars totaled $2.09 million or $0.02 per share.

Adjusted earnings for the quarter were 91.8 million yuan or 1.91 yuan per ADS. On average, four analysts polled by Thomson Reuters expected the company to earn 2.18 yuan per ADS for the quarter. Analysts' estimates typically exclude special items. Revenues increased 9.8 percent to 1.61 billion yuan, or $265.9 million, from 1.47 billion yuan last year. Analysts expected revenues of 1.54 billion yuan.

Looking ahead to the first quarter, the company has forecast revenues in the range of 1.46 billion yuan to 1.49 billion yuan. Analysts currently expect first-quarter revenues of 1.46 billion yuan. For the fiscal 2014, the company currently projects revenues in the order of 6.80 billion yuan to 7.0 billion yuan. Analysts currently expect full-year revenues of 6.69 billion yuan.