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Article: MeriStar Hotels & Resorts Lowers Earnings Guidance for Second Quarter and Full Year.
- Article from:
- Business Wire
- Article date:
- July 9, 2001
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Business Editors
WASHINGTON, D.C.--(BUSINESS WIRE)--July 9, 2001
MeriStar Hotels & Resorts (NYSE: MMH), the nation's largest independent hotel management company, today announced that it has lowered its earnings guidance for the second quarter ended June 30, 2001, due primarily to continuing softness in the economy.
The company said that it expected second quarter net income to be $(0.01) to $0.00 per share on a diluted basis, compared to analysts' current consensus estimate of $0.04 per share.
The company said that the sluggish economy has had the most significant impact on second quarter earnings at its BridgeStreet Corporate Housing ...