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Home > (SNSTA, SMOD, CLNO, QBAK) Stock Updates by BestOtc.com

(SNSTA, SMOD, CLNO, QBAK) Stock Updates by BestOtc.com

August 26th, 2011 at 09:03 am

Sonesta International Hotels Corp. (Nasdaq:SNSTA) reported net income of $800,000, or $0.22 per share, in the quarter ended June 30, 2011, compared to net income of $657,000, or $0.18 per share, in the quarter ended June 30, 2010. Revenues, excluding other revenues from managed and affiliated properties, were $22,505,000 in the 2011 quarter, compared to $19,139,000 in the 2010 quarter. The Company had operating income of $1,444,000 in the second quarter of 2011, compared to $1,585,000 during the same period in 2010. For the six-month period ended June 30, 2011 the net loss was $1,154,000, or $(0.31) per share, compared to a net loss of $535,000, or $(0.14) per share, for the six-month period ended June 30, 2010. Revenues, excluding other revenues from managed and affiliated properties, were $40,568,000 in the 2011 period, compared to $33,901,000 in the 2010 period. The operating loss was $407,000 in the six-month period ended June 30, 2011, compared to operating income of $434,000 in the same period in 2010.

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