FelCor Lodging Trust Incorporated (FCH) Releases Earnings Results, Misses Expectations By $-0.02 EPS

FelCor Lodging Trust Incorporated (FCH) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.32 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.34. The company posted revenue of $237.90 million in the period, compared to analysts expectations of $241.22 million. The company’s revenue was down -1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

FelCor Lodging Trust Incorporated closed down -0.03 points or -0.47% at $6.42 with 21,06,955 shares getting traded on Wednesday. Post opening the session at $6.47, the shares hit an intraday low of $6.38 and an intraday high of $6.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 6, 2016, Robert F Cotter (director) sold 15,918 shares at $6.34 per share price. According to the SEC, on May 18, 2016, Mark D Rozells (director) purchased 10,000 shares at $6.89 per share price. On Mar 4, 2016, Jonathan H Yellen (EVP, GC & Secretary) sold 12,000 shares at $8.00 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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