Starwood Hotels & Resorts said its fourth-quarter net income fell 15 percent, pulled down by a large charge. Its adjusted results and revenue topped Wall Street's view.
February 07, 2013 at 12:00 AM
1 minute read
Starwood Hotels & Resorts Worldwide Inc. said Thursday that its fourth-quarter net income fell 15 percent, pulled down by a large charge. Its adjusted results and revenue topped Wall Street’s view.
CEO Frits van Paasschen said in a statement that 2013 is looking to be "somewhat stronger" than last year, with global economic uncertainty giving way to increasing demand.
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