North America Real Estate - Earnings and Guidance
Orient-Express reports Q3 results
November 03, 2009 5:58 PM ET
By John Yellig
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Orient-Express Hotels Ltd. on Nov. 3 reported a third-quarter net loss of $13.0 million, or 17 cents per share, compared to net earnings of $6.4 million, or 15 cents per share, in the prior-year period. The net loss from continuing operations for the period was $2.7 million, or 4 cents per share, compared to net earnings from continuing operations of $20.6 million, or 48 cents per share, in the third quarter of 2008. Adjusted net earnings from continuing operations for the period totaled $1.4 million, or 2 cents per share, compared to $22.6 million, or 53 cents per share, in the prior-year period. The results for the third quarter include a noncash fixed asset impairment charge of $9.8 million relating to the company's ownership of Lilianfels Blue Mountains, Katoomba, Australia. The Thomson First Call mean EPS estimate for the third quarter called for earnings of 8 cents, according to SNL Financial. |
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