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FelCor Lodging Trust Inc. (NYSE:FCH) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.75%.
FelCor Lodging Trust Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.01 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 0.8% to $222.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FelCor Lodging Trust Inc. reported adjusted EPS loss of $-0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $215.87 million.
Quoting Management:Commenting on operating results, Richard A. Smith, President and Chief Executive Officer of FelCor, said, “I am very pleased with our performance, as revenue, margins, FFO and EBITDA exceeded our expectations. Lodging fundamentals remain favorable, despite slow economic growth. The favorable imbalance between demand and supply growth provides us the ability to increase average rates, creating strong EBITDA growth. With supply growth lower in our markets than the US on average, our portfolio is well-positioned to continue outperforming our peers. RevPAR growth at the newly-acquired, redeveloped and renovated hotels continues to significantly exceed the industry average, and we expect that to continue throughout 2013.”
Key Stats (on next page)…
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