DiamondRock Hospitality Company today announced results of operations for its second fiscal quarter ended June 18, 2010. The Company is a lodging focused real estate investment trust that owns twenty-one premium hotels in North America and holds a senior loan secured by a premium hotel in Chicago, Illinois.
DiamondRock Hospitality Company today announced preliminary results of operations for its second fiscal quarter ended June 18, 2010, which exceeded the Company's previous guidance. Concurrently, the Company updated full year guidance for 2010 to incorporate operating performance and recent acquisition activity.
DiamondRock Hospitality Company will report financial results for its fiscal second quarter 2010 before the market opens on Tuesday, July 27, 2010. A conference call for investors and other interested parties is scheduled for the same date at 2:00 p.m.
Lodging companies are poised to report strong second-quarter results as the industry slowly recovers from weak demand during the recession, a Citi Investment Research analyst said Monday.
DiamondRock Hospitality Company Reports Second Quarter 2010 ResultsPR NewswireBETHESDA, Md., July 27BETHESDA, Md., July 27 /PRNewswire-FirstCall/ -- DiamondRock Hospitality Company (the "Company") 2010 07 27 08:00
DiamondRock Raises Guidance and Announces Agreement to Acquire the Renaissance Charleston Historic District HotelPR NewswireBETHESDA, Md.,, July 14BETHESDA, Md., July 14 /PRNewswire-FirstCall/ -- 2010 07 14 12:05
BP posts $17.15B loss, bids adieu to Hayward. Beleaguered BP (BP) CEO Tony Hayward will step down as of October 1, and will be replaced by American Bob Dudley who has been heading up the company's Gulf spill response. Hayward will be nominated as a non-executive director of TNK-BP, the company's Russian joint venture. "It will be a different company going forward," BP said in a statement, "requiring fresh leadership supported by robust governance and a very engaged board." BP also posted its...
Markets get clobbered. U.S. stocks experienced heavy losses yesterday, with the major indices all closing down at least 2% (Dow -2%, S&P -2.4%, Nasdaq -3%) in the worst session in three months. The sell-off followed heightened concerns about a possible European debt contagion (more details below). Along with the stock declines, VIX, the volatility index, closed up 18.2% after climbing higher intraday. "This is much more of a macro event in front of us," said one strategist. "It's not like earnings season... We’re now talking...
Lodging stocks had a powerful move, almost looking like a blow off top, but some of the leaders in this sector don’t appear as overbought. Check out DiamondRock Hospitality (DRH), Hospitality Properties Trust (HPT), Host Hotels and Resorts (HST), La Salle Hotel Properties (LHO) and Sunstone Hotels (SHO).
There is an abundance of pessimism in the current investment crowd, which is well-supported by high unemployment, foreclosure waves, federal deficits, anemic home sales, ... There is little wonder why so many commentators here on Seeking Alpha dwell on the negative side of every piece of economic data. If you go with the wisdom of this crowd, you should be shorting the market in general.
Yet short sellers have been frustrated so far this year. Nothing seems to work. In particular, the homebuilding sector has been one of the top performers of the year...
Apple: What recession? Apple (AAPL) customers continued to buy up iPhones and Mac computers, seemingly ignoring the recession and helping the company's Q4 results shine. "We are thrilled to have sold more Macs and iPhones than in any previous quarter," Steve Jobs said. Apple easily exceeded analysts' Q4 earnings expectations as back-to-school promotions drove sales: revenue grew 25% to $9.87B versus last year's quarter, while net income surged 47% to $1.67B (see more numbers below). Apple shares rose 7.2%...
Equity REITs have made a strong move lately. We have expressed our doubts about the wisdom of that move (Are REITs Ahead of Themselves?), and wonder about the quality of the underlying trusts.
Shares of DRH touched the 50-day moving average from above but failed to break through the widely watched support line. If the stock price remains above the critical 50-day moving average, then ...
By Chip Brian Below are the top five companies in the Financial sector as measured by relative performance. Lowest relative performance is a comparison between a share and its peers made to ...
by Motley Fool - July 29, 2010 - 0 comments Together, we are all trying to build our fortune by finding well-run companies at bargain-basement prices. But it takes work -- scouring company ...
Diamondrock Hospitality Co (NYSE: DRH | PowerRating) said it continues to expect 2010 funds from operations of $0.57 to $0.59 per share. The current consensus FFO estimate is $0.58 per share for ...
BETHESDA, Md., July 27, 2010 /PRNewswire via COMTEX/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced results of operations for its second fiscal quarter ended June 18 ...
By Chip Brian Below are the top five companies in the Financial sector as measured by relative performance. Highest relative performance is a comparison between a share and its peers made to ...
NEW YORK (Market Intellisearch) -- Shares of Diamondrock Hospitality Co. closed above the 50-day moving average of $8.96. Technical analysts and investors who study trading patterns will view this ...
By Chip Brian Below are the top five companies in the Specialized REITs industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to ...
By Chip Brian DiamondRock Hospitality (NYSE:DRH) traded in a range yesterday that spanned from a low of $8.40 to a high of $8.87. Yesterday, the shares fell 3.85%, which took the trading range ...
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