FelCor Lodging Trust Incorporated (FCH) Releases Earnings Results, Misses Expectations By $-0.01 EPS

FelCor Lodging Trust Incorporated (FCH) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.15. The company posted revenue of $210.14 million in the period, compared to analysts expectations of $209.83 million. The company’s revenue was down -1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

FelCor Lodging Trust Incorporated opened for trading at $7.74 and hit $7.865 on the upside on Friday, eventually ending the session at $7.76, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 7,21,875 shares. Company has a market cap of $1,083 M.

In a different news, on Apr 5, 2016, Robert F Cotter (director) sold 12,596 shares at $8.00 per share price. According to the SEC, on Mar 4, 2016, Jonathan H Yellen (EVP, GC & Secretary) sold 12,000 shares at $8.00 per share price. On Mar 2, 2016, Troy A Pentecost (EVP, Chief Operating Officer) sold 20,000 shares at $7.78 per share price, according to the Form-4 filing with the securities and exchange commission.

FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31 2014 FelCor is the sole general partner of and the owner of a greater than 99% partnership interest in FelCor Lodging Limited Partnership (FelCor LP)through which the Company held ownership interests in 48 hotels with 14435 rooms. The Company sells acquires rebrands and redevelops hotels. The Company owns DoubleTree by Hilton DoubleTree Suites by Hilton Embassy Suites Hotels Fairmont Hilton Holiday Inn Marriott Morgans Renaissance Royalton Sheraton Sheraton Suites Walt Disney World Westin Wyndham and Wyndham Grand.

FelCor Lodging Trust Incorporated

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