|
|
Article: MeriStar Hotels & Resorts Reports First Quarter Results; Full-Service RevPAR up 4.4 Percent.
- Article from:
- Business Wire
- Article date:
- April 27, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON--(BUSINESS WIRE)--April 27, 1999--
Results Exceed Analysts' Consensus EPS Estimates by 2 Cents
MeriStar Hotels & Resorts, Inc. (NYSE: MMH), the nation's largest independent hotel management company, today announced results for the first quarter ended March 31, 1999.
Earnings rose to $1.5 million for the 1999 first quarter, or $0.06 per share on a diluted basis, $0.02 ahead of consensus analyst expectations. Revenues for the period increased to $325.8 million, and earnings before interest expense, income taxes, depreciation and amortization (EBITDA) for the quarter was $5.8 million.
First quarter revenues advanced ...