Starwood Hotels & Resorts Worldwide Inc Q3 Profit Climbs 3%

(RTTNews) - Starwood Hotels & Resorts Worldwide Inc (HOT) released earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $125 million, or $0.74 per share. This was higher than $121 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $1.43 billion. This was down from $1.49 billion last year.

Starwood Hotels & Resorts Worldwide Inc earnings at a glance:

-Earnings (Q3): $125 Mln. vs. $121 Mln. last year. -Earnings Growth (Y-o-Y): 3.3% -EPS (Q3): $0.74 vs. $0.66 last year. -EPS Growth (Y-o-Y): 12.1% -Analysts Estimate: $0.72 -Revenue (Q3): $1.43 Bln vs. $1.49 Bln last year. -Revenue Change (Y-o-Y): -4.0%

-Guidance: Full year EPS guidance: $2.96 - $3.02