NEW YORK, July 31, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Expedia Inc. (NASDAQ: EXPE), Las Vegas Sands Corp. (NYSE: LVS), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Penn National Gaming Inc. (NASDAQ: PENN), and Choice Hotels International Inc. (NYSE: CHH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Expedia Inc. Research Report
On July 25, 2013, Expedia Inc. (Expedia) released its Q2 2013 financial results. Revenues were up 15.9% YoY to $1.2 billion. Adjusted net income was down 27.5% YoY to $90.5 million. Income from continuing operations was down 32% YoY to $71.5 million. Adjusted EPS was down 28.1% YoY to $0.64, while diluted EPS from continuing operations was down 32.9% YoY to $0.51. Dara Khosrowshahi, President and CEO of Expedia, said, "We knew we were facing second quarter headwinds and those which we expected, as well as some we didn't, materialized. Despite this, we remain confident about our long-term strategy. We see continued return on our core brands' technology investments, broader adoption of Expedia Traveler Preference Program, momentum in our recent acquisitions and emerging markets as well as exciting traction in one of travel's fastest growth channels - mobile." The Full Research Report on Expedia Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/EXPE]
Las Vegas Sands Corp. Research Report
On July 24, 2013, Las Vegas Sands Corp. (Las Vegas Sands) released its Q2 2013 financial results. Revenues were up 25.6% YoY to $3.2 billion. GAAP operating income was up 96.3% YoY to $780.6 million, principally due to stronger operating results in Macao. Net income attributable to the Company was up 120.2% YoY to $529.8 million, while diluted EPS was up 120.7% YoY to $0.64. Mr. Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands, commented, "I am extremely pleased to report outstanding quarterly financial results that reflect strong growth in revenue, cash flow, and earnings per share, as well as the focused and consistent execution of our global growth strategy. Continued execution of that strategy will extend our position as the global leader in Integrated Resort development and operation." The Full Research Report on Las Vegas Sands Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/LVS]
Starwood Hotels & Resorts Worldwide Inc. Research Report
On July 25, 2013, Starwood Hotels & Resorts Worldwide Inc. (Starwood) released its Q2 2013 financial results. Revenues were down 3.5% YoY to $1.6 billion. Operating income was up 3.3% YoY to $250 million. Net income attributable to the Company was up 12.3% YoY to $137 million, while diluted EPS was up 14.5% YoY to $0.71. Frits van Paasschen, Starwood's CEO, said, "We exceeded our profit expectations - despite slower revenue growth and exchange rate headwinds - thanks to SG&A cost control and good margin performance at Owned and Managed hotels. The global recovery continues. Tight supply in North America and Europe is the order of the day, with virtually no new high-end hotels
coming on stream. Our occupancies in Europe are close to 72%. In North America, they reached 76%, the highest Starwood has ever reported. In China, our hotels significantly outperformed the competition, demonstrating the value our brands bring to our hotel owners, even in soft market conditions." The Full Research Report on Starwood Hotels & Resorts Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/HOT]
Penn National Gaming Inc. Research Report
On July 23, 2013, Penn National Gaming Inc. (Penn National Gaming) released its Q2 2013 financial results. Net revenues were up 6.8% YoY to $761.4 million. Net loss was $12.2 million, compared to a net income of $66.7 million in Q2 2012. Loss per diluted common share was $0.16, compared to earnings per diluted common share of $0.63 in Q2 2012. Peter M. Carlino, Chairman and CEO of Penn National Gaming, stated, "Second quarter operating results fell short of our guidance due to several factors: In addition to soft industry-wide regional gaming revenue trends, several properties in the Midwest and Southern Plains segments endured extreme weather, including tornados, flooding and construction disruption, which led to closures as well as insurance deductible charges. Other facilities were negatively impacted by competitive pressures, including marketing promotions that due to economic return considerations we elected not to match. Partially offsetting these challenges, our second quarter adjusted EBITDA includes $4.3 million of favorable tax settlements in various jurisdictions." The Full Research Report on Penn National Gaming Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/PENN]
Choice Hotels International Inc. Research Report
On July 26, 2013, Choice Hotels International Inc. (Choice Hotels) released its Q2 2013 financial results. Revenues were up 5.7% YoY to $183.6 million. Net income was down 11.4% YoY to $28.2 million. Diluted EPS was down 12.7% YoY to $0.48. Stephen P. Joyce, President and CEO of Choice Hotels, said, "On the development side of the business, conversion franchise sales for our flagship Comfort brand and our Ascend Collection continued to outpace last year's results demonstrating that Choice remains a top option for hotel developers." For Q3 2013, the Company expects diluted EPS of approximately $0.66, while full-year 2013 diluted EPS is expected to be $1.84 to $1.87. The Full Research Report on Choice Hotels International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/CHH]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Investors' Reports