China Lodging Group Q2 Profit Rises - Quick Facts

(RTTNews) - China Lodging Group, Ltd. (HTHT) Thursday reported second-quarter profit of 96.3 million Chinese yuan, or $15.7 million, up from 70.3 million yuan or $11.1 million in the same period last year.

On a per-share basis, earnings were 0.39 yuan or $0.06, compared to 0.29 yuan last year. Earnings per ADS was 1.55 yuan or $0.25.

Adjusted earnings for the quarter was 104.0 million yuan or 1.67 yuan per share.

Revenues totaled 1.03 billion yuan, or $168.6 million, up from 798.23 million yuan last year. Analysts expected revenues of $1.02 billion yuan.

Looking ahead, the company has forecast third-quarter revenues in the range of 1.11 billion yuan to 1.13 billion yuan. Analysts currently expect third-quarter revenues of 1.13 billion yuan.