Starwood reports Q4 net loss

Starwood Hotels & Resorts Worldwide reported a fourth-quarter net loss of US $107 million compared to profit of $79 million in 2008.

Loss per share was $0.59 compared to profit of $0.44 per share for the same period last year.

Continuing operations witnessed a loss per share of $1.03 compared to a loss of $0.25 per share last year.

According to reports, on average 19 analysts polled by Thomson Reuters expected the company to report profit of $0.22 per share for the quarter.

Revenues were $1.28 billion compared to $1.30 billion prior year. Analysts expected revenue of $1.17 billion for the quarter.

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