Starwood 1Q Net Slumps 82% On Falling Revpar; 2Q View Weak | wsj.com

Starwood Hotels & Resorts Worldwide Inc.'s (HOT) first-quarter net income tumbled 82% on shrinking revenue per available room and a drop in timeshare sales. While the quarter's profit topped downbeat expectations, the company projected second-quarter earnings of 14 cents to 20 cents. Analysts' mean estimate, as surveyed by Thomson Reuters, was 23 cents.