Starwood's Profit Tumbles 65% on Weak Demand | wsj.com

Starwood Hotels & Resorts Worldwide Inc.'s third-quarter earnings fell 65% amid slumping consumer demand, though results topped expectations. The operator of the W Hotels, Westin, St. Regis and Sheraton hotel brands also raised its 2009 earnings estimate to 67 cents to 71 cents a share from its twice-reduced view, most recently at 65 cents. Fourth-quarter earnings are seen at 17 cents to 21 cents; analysts' average estimate was 21 cents,...