Starwood Earns Top Estimates; Outlook Disappoints - Yahoo

Starwood Hotels & Resorts Worldwide Inc.(NYSE:HOT - News) on Thursday posted a better-than-expected quarterly profit on increased corporate and group travel, but its shares fell on a disappointing fourth-quarter outlook. Starwood, owner of the Sheraton, W and Westin hotels brands, said second-quarter net income dropped to $154 million, or 72 cents per share, from $290 million, or $1.41 per share, a year ago.