Starwood Hotels & Resorts Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - Starwood Hotels & Resorts Worldwide, Inc. (HOT) reported second-quarter income from continuing operations of $136 million compared to $153 million, prior year. EPS from continuing operations was $0.79 compared to $0.80. Excluding special items, income from continuing operations was $143 million or $0.84 per share for the second quarter of 2015.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.74 for the quarter. Analysts' estimates typically exclude special items.

Adjusted EBITDA was $311 million compared to $324 million, prior year.

Revenues were $1.48 billion compared to $1.54 billion, a year ago. Analysts expected revenue of $1.47 billion for the quarter. Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1% in constant dollars, and decreased 0.7% in actual dollars.

For 2015, the company expects adjusted EBITDA to be approximately $1.175 billion to $1.200 billion, EPS before special items is expected to be approximately $2.93 to $3.03. Analysts expect the company to report earnings per share of $2.99.

For the three months ended September 30, 2015: adjusted EBITDA is expected to be approximately $285 million to $295 million, and EPS is expected to be approximately $0.69 to $0.73. Analysts expect the company to report earnings per share of $0.74.