Starwood Hotels & Resorts Worldwide Inc Q1 Earnings Advance 7%

(RTTNews) - Starwood Hotels & Resorts Worldwide Inc (HOT) announced a profit for its first quarter that increased from last year.

The company said its bottom line rose to $118 million, or $0.70 per share. This was higher than $110 million, or $0.65 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $1.40 billion. This was down from $1.42 billion last year.

Starwood Hotels & Resorts Worldwide Inc earnings at a glance:

-Earnings (Q1): $118 Mln. vs. $110 Mln. last year. -Earnings Growth (Y-o-Y): 7.3% -EPS (Q1): $0.70 vs. $0.65 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.58 -Revenue (Q1): $1.40 Bln vs. $1.42 Bln last year. -Revenue Change (Y-o-Y): -1.4%

-Guidance: Next quarter EPS guidance: $0.69 to $0.74 Full year EPS guidance: $3.00 to $3.06