Home Inns & Hotels Management Inc. Reports 8% Fall In Q3 Bottom Line

(RTTNews) - Home Inns & Hotels Management Inc. (HMIN) reported earnings for third quarter that decreased from last year.

The company said its earnings came in at RMB205.48 million, or RMB2.05 per share. This was down from RMB224.34 million, or RMB2.23 per share, in last year's third quarter.

The company said revenue for the quarter fell 0.6% to RMB1.75 billion. This was down from RMB1.76 billion last year.

Home Inns & Hotels Management Inc. earnings at a glance:

-Earnings (Q3): RMB205.48 Mln. vs. RMB224.34 Mln. last year. -Earnings Decline (Y-o-Y): -8.4% -EPS (Q3): RMB2.05 vs. RMB2.23 last year. -EPS Decline (Y-o-Y): -8.1% -Revenue (Q3): RMB1.75 Bln vs. RMB1.76 Bln last year. -Revenue Change (Y-o-Y): -0.6%