23.10.2014 02:44:50
|
La Quinta Holdings Q3 Pro Forma Profit Rises; Again Lifts 2014 Outlook
(RTTNews) - La Quinta Holdings Inc. (LQ) reported third-quarter pro forma net income to shareholders of $21.00 million or $0.16 per share, up from $17.81 million or $0.15 per share in the prior-year period.
Pro forma total adjusted EBITDA increased to $109.30 million from $96.24 million. System-wide comparable RevPAR increased 8.9 percent.
Based on historical statements of operations, adjusted net income for the quarter was $18.23 million, compared to $22.57 million in the same period last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings per share of $0.17 for the quarter. Analysts' estimates typically exclude special items.
Pro forma total revenue for the quarter grew 10 percent to $271.12 million from $246.49 million in the year-ago period. Analysts expected revenue of $264.24 million for the quarter.
Based upon current estimates, La Quinta Holdings once again increased its guidance for full year 2014.
The company now projects full-year RevPAR growth on a system-wide comparable hotel basis to a range of 7.0 percent to 7.5 percent from the prior range of 6.0 percent to 7.0 percent.
The company now forecasts full-year pro forma adjusted EBITDA of $370 million to $375 million, up from the prior range of $367 million to $372 million.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu La Quinta Holdings Incmehr Nachrichten
Keine Nachrichten verfügbar. |