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Actionable news in HOT: STARWOOD HOTELS & RESORTS WORLDWIDE Inc,

Starwood Continues to Soar on Positive Earnings

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) reported its third-quarter financial results before the markets opened on Wednesday. The company had $0.74 in earnings per share (EPS) on $1.43 billion in revenue, compared to consensus estimates from Thomson Reuters of $0.72 in EPS on revenue of $1.44 billion. The same period from the previous year had $0.66 in EPS on $1.49 billion in revenue.

The company announced that it entered into a definitive agreements with Interval Leisure Group pursuant to which Starwood’s vacation ownership business will be distributed on a pro rata basis to stockholders and immediately after will merge with a wholly owned subsidiary of...


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