Earnings: Marriott International, Six Flags, Sovran Self Storage (MAR, SIX, SSS)
Mike Deane Feb 18, 2015
After the bell on Wednesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
Six Flags Reports Q4 Loss
Six Flags Entertainment (SIX ) reported fourth quarter revenues of $183.68 million, up from last year’s Q4 revenues of $154.19 million. The company reported a net loss of $34.12 million, or 37 cents per share, compared to last year’s Q4 net income of $13.32 million, or 13 cents per share. Analysts were expecting a loss of 13 cents per share and revenues of $164.57 million.
Marriott Beats Q4 Estimates
Marriott (MAR ) reported fourth quarter earnings of $197 million, or 68 cents per diluted share, compared to last year’s Q4 figures of $151 million, or 49 cents per share. Revenue for the quarter came in at $3.6 billion, up from last year’s Q4 revenue of $3.22 billion. Analysts expected Marriott to report 65 cents EPS on revenues of $3.48 billion. For FY2015, MAR sees EPS in range of $3.0-$3.12, which is in-line with analysts’ expectations fo $3.03.
Sovran Self Storage Matches Analysts’ Earnings Estimates
Sovran Self Storage (SSS ) reported fourth quarter funds from operations (FFO) of $1.08 per share, which is up from last year’s FFO per share of 98 cents. On an adjusted basis, FFO per share came in at $1.13, matching analysts’ estimates. Revenue for the quarter came in at $84.93 million, up from last year’s Q4 revenue of $72.1, but below the expectation of $85.7 million
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