Strategic Hotels & Resorts Q3 Profit Rises - Quick Facts

(RTTNews) - Strategic Hotels & Resorts, Inc. (BEE) reported that its third-quarter net income to shareholders increased to $20.99 million or $0.07 per share from $3.76 million or breakeven per share, a year ago. FFO increased to $51.46 million from $31.99 million. Comparable FFO per share was $0.23, compared to $0.14.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $305.26 million, compared to $223.71 million, a year ago. Analysts expected revenue of $296.36 million for the quarter.

The company updated its guidance ranges for full year 2014. Comparable FFO per share is now expected to be in a range of $0.65 - $0.69, compared to its prior guidance of $0.62 - $0.68. Analysts expect the company to report full year profit per share of $0.67.