7 Days Group Holdings Limited (NYSE:SVN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
7 Days Group Holdings Limited Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 80% to $0.14 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Was the same at $111.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: 7 Days Group Holdings Limited reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.93. It missed the average revenue estimate of $679.95 million.
Quoting Management: Mr. Yuezhou Lin, 7 Days Group’s Chief Executive Officer and Director, commented, “We are pleased to report a strong fourth quarter with financial results exceeding our guidance, concluding a solid year of steady strategic and operational progress. With our healthy pipeline and increasing economies of scale, we expect to maintain our fast expansion pace in 2013, which we believe will further solidify our position as the market leader in the economy hotel industry.”
Key Stats (on next page)…
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