Starwood Hotels Bullish on 2013
Starwood Hotels & Resorts earned $0.70 a share in the fourth quarter on revenue of $1.533 billion. Analysts had only expected $0.65 and $1.49 billion, respectively. The outlook is also strong as business travel improves, and HOT is up 3 percent before the bell on my tradeMONSTER platform.
Akamai Falls on Weak Outlook, Revenue Miss
Akamai Technologies reported strong fourth-quarter earnings, but revenue missed and guidance was weak. First-quarter sales are expected to be no more than $362 million, while the Street was forecasting $371 million. AKAM plunges 16 percent in early trading.
TriQuint Guidance Underwhelms the Street
TriQuint Semiconductor sees first-quarter revenue of $180 million to $190 million and a per-share loss of $0.12 to $0.14. Consensus was for $205 million on the top line and breakeven on the bottom line. TQNT falls 11 percent in the premarket.
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Trader sees Starwood holding gains
May 1, 2013
The hotelier is pulling back modestly after rallying with positive earnings results yesterday, but one trader apparently believes that any further downside will be limited.
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