Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -61.08% to $65 million (70 cents per diluted share) in the quarter versus a net gain of $167 million in the year-earlier quarter. Revenue rose 0.13% to $1.53 billion from the year-earlier quarter.
Starwood Hotels & Resorts Worldwide Inc. reported adjusted net income of 70 cents per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $1.49 billion.