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By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | March 4, 1995
Host Marriott Corp. reported yesterday its earnings before interest expenses and other noncash charges rose 9 percent in 1994 to $376 million.The results were in line with predictions the company made last month.In the fourth quarter of last year, the Bethesda-based hotel owner generated earnings before noncash charges of $110 million, an 11 percent gain from pro forma figures for the same period in 1993. The company reported pro forma figures because of its October 1993 split from the former Marriott Corp.
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BUSINESS
By EILEEN AMBROSE | August 18, 2002
Core earnings useful gauge of long-term performance EVEN before the accounting scandals, the financial analytical firm Standard & Poor's figured something had to be done about the reporting of corporate earnings. Growing pressure to live up to Wall Street's expectations prompted companies in the past decade to devise new earnings measures that put their results in the most favorable light, according to S&P. "It was beginning to get ridiculous," said David Wyss, S&P's chief economist in New York.
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BUSINESS
By a Sun Staff Writer | November 15, 1994
Mid-Atlantic Realty Trust said yesterday that it recorded a 33 percent gain in its third-quarter operational income.MART, a Linthicum-based real estate investment trust (REIT), reported funds from operations -- a key gauge of a REIT's performance -- of $1.5 million, or 24 cents a share, for the period ended Sept. 30, compared with pro forma results of $1.15 million, or 18 cents a share, for the same period last year.Revenue for the three months increased to $5.4 million from $4.8 million in the comparable 1993 quarter.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | October 20, 1999
Host Marriott Corp., fueled by a stock buyback and decreases in interest expenses, reported yesterday that its third-quarter earnings jumped 25 percent from the third quarter last year.The Bethesda-based hotel owner also attributed its funds from operations of 35 cents per share in the quarter that ended Sept. 10 over pro forma earnings in the comparable three-month period last year to increases in revenue per available room (REVPAR) and incremental earnings from hotel acquisitions."Our focus during the quarter was on carefully using our capital to improve returns to our shareholders," said Terence C. Golden, Host Marriott's president and chief executive officer.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | February 9, 1995
Host Marriott Corp. said yesterday that it expects to report earnings before noncash charges of $376 million in 1994, the result of growth in its full-service hotels and acquisitions.The Bethesda-based lodging owner made the prediction -- representing a 9 percent increase over 1993 pro forma earnings before interest expense, taxes, depreciation and amortization -- at an investor conference. The company plans to report audited results for 1994 in early March.In the fourth quarter of 1994, the company said its earnings before noncash charges will amount to $110 million, an 11 percent gain from the comparable pro forma period of 1993.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | May 14, 1994
Hailing a "new vitality" as the real estate industry begins to emerge from its deep recession, the chief executive of Mid-Atlantic Realty Trust yesterday told shareholders that the company is making progress in selling unwanted assets and moving ahead with a cautious expansion program."
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 8, 1994
Marriott International Inc.'s profits rose 17 percent in the second quarter, as the improved economy paid off in the form of higher hotel occupancy rates and a 3 percent-plus gain in average room rates.The Bethesda-based hotel management company said it earned million, or 36 cents a share, for the 1994 second quarter, which ended June 17. That figure compares with a pro forma 1993 second-quarter profit of $41 million and per-share earnings of 32 cents.The bigger profit was achieved on a 4.8 percent sales gain, to $1.98 billion.
BUSINESS
February 25, 1994
Southwestern Bell expandsSouthwestern Bell Corp. said yesterday that it has agreed to buy the cellular telephone business of Pittsburgh-based Associated Communications Corp. in a stock swap valued at $680 million.San Antonio-based Southwestern Bell, with 2 million cellular customers at the end of 1993, is the nation's No. 2 cellular telephone company.RJR Nabisco to issue stockRJR Nabisco Holdings Corp. said yesterday that it plans to raise about $2 billion through an issue of preferred stock that will be converted into common stock in three years.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 15, 1996
Fast-growing Sinclair Broadcast Group Inc.'s revenues surged 59.3 percent in 1995, the company said yesterday, and industry observers attributed the gain to increased cash flow from acquisitions.The Baltimore-based chain of independent television stations said net broadcasting revenues in the fourth quarter ended Dec. 31 were $54 million, up 0.3 percent from the 1994 period, and broadcast cash flow grew 3.9 percent to $33.6 million.For the full year, the company reported total revenues of $206 million.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | October 20, 1999
Host Marriott Corp., fueled by a stock buyback and decreases in interest expenses, reported yesterday that its third-quarter earnings jumped 25 percent from the third quarter last year.The Bethesda-based hotel owner also attributed its funds from operations of 35 cents per share in the quarter that ended Sept. 10 over pro forma earnings in the comparable three-month period last year to increases in revenue per available room (REVPAR) and incremental earnings from hotel acquisitions."Our focus during the quarter was on carefully using our capital to improve returns to our shareholders," said Terence C. Golden, Host Marriott's president and chief executive officer.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 15, 1996
Fast-growing Sinclair Broadcast Group Inc.'s revenues surged 59.3 percent in 1995, the company said yesterday, and industry observers attributed the gain to increased cash flow from acquisitions.The Baltimore-based chain of independent television stations said net broadcasting revenues in the fourth quarter ended Dec. 31 were $54 million, up 0.3 percent from the 1994 period, and broadcast cash flow grew 3.9 percent to $33.6 million.For the full year, the company reported total revenues of $206 million.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | March 4, 1995
Host Marriott Corp. reported yesterday its earnings before interest expenses and other noncash charges rose 9 percent in 1994 to $376 million.The results were in line with predictions the company made last month.In the fourth quarter of last year, the Bethesda-based hotel owner generated earnings before noncash charges of $110 million, an 11 percent gain from pro forma figures for the same period in 1993. The company reported pro forma figures because of its October 1993 split from the former Marriott Corp.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | February 9, 1995
Host Marriott Corp. said yesterday that it expects to report earnings before noncash charges of $376 million in 1994, the result of growth in its full-service hotels and acquisitions.The Bethesda-based lodging owner made the prediction -- representing a 9 percent increase over 1993 pro forma earnings before interest expense, taxes, depreciation and amortization -- at an investor conference. The company plans to report audited results for 1994 in early March.In the fourth quarter of 1994, the company said its earnings before noncash charges will amount to $110 million, an 11 percent gain from the comparable pro forma period of 1993.
BUSINESS
By a Sun Staff Writer | November 15, 1994
Mid-Atlantic Realty Trust said yesterday that it recorded a 33 percent gain in its third-quarter operational income.MART, a Linthicum-based real estate investment trust (REIT), reported funds from operations -- a key gauge of a REIT's performance -- of $1.5 million, or 24 cents a share, for the period ended Sept. 30, compared with pro forma results of $1.15 million, or 18 cents a share, for the same period last year.Revenue for the three months increased to $5.4 million from $4.8 million in the comparable 1993 quarter.
BUSINESS
July 29, 1994
Crown Petroleum loss widensCrown Central Petroleum Corp. said yesterday that it lost $7.3 million, or 74 cents a share, in the second quarter, compared with a loss of $2.3 million, or 23 cents a share, in same period last year.Henry A. Rosenberg Jr., chairman of the Baltimore-based gasoline refiner and marketer, blamed a rapid rise in crude oil prices for the bigger loss.Revenue for the second quarter was $453 million, compared with revenue of $448 million in the second quarter of 1993.Crown's A shares closed at $17.125 yesterday, down 37.5 cents, while its B class shares closed at $16.50, unchanged from Wednesday.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 8, 1994
Marriott International Inc.'s profits rose 17 percent in the second quarter, as the improved economy paid off in the form of higher hotel occupancy rates and a 3 percent-plus gain in average room rates.The Bethesda-based hotel management company said it earned million, or 36 cents a share, for the 1994 second quarter, which ended June 17. That figure compares with a pro forma 1993 second-quarter profit of $41 million and per-share earnings of 32 cents.The bigger profit was achieved on a 4.8 percent sales gain, to $1.98 billion.
BUSINESS
July 29, 1994
Crown Petroleum loss widensCrown Central Petroleum Corp. said yesterday that it lost $7.3 million, or 74 cents a share, in the second quarter, compared with a loss of $2.3 million, or 23 cents a share, in same period last year.Henry A. Rosenberg Jr., chairman of the Baltimore-based gasoline refiner and marketer, blamed a rapid rise in crude oil prices for the bigger loss.Revenue for the second quarter was $453 million, compared with revenue of $448 million in the second quarter of 1993.Crown's A shares closed at $17.125 yesterday, down 37.5 cents, while its B class shares closed at $16.50, unchanged from Wednesday.
NEWS
By ELLEN GOODMAN | July 10, 1992
Boston. -- The office of Prof. Michael Dukakis at Northeastern University is neat as a pin. With its exposed brick wall, cleandesk top, utilitarian book shelves and computer, the decor is more Spartan than Oval.Four mornings a week, the former governor, former presidential nominee walks the two miles from his home to this streetcar university in Boston. He comes to teach classes named ''Public Policy,'' ''State and Local Government,'' and, of course, ''The American Presidency.''Anyone desperately seeking pathos in a political portfolio could pick it out of that course description.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | May 14, 1994
Hailing a "new vitality" as the real estate industry begins to emerge from its deep recession, the chief executive of Mid-Atlantic Realty Trust yesterday told shareholders that the company is making progress in selling unwanted assets and moving ahead with a cautious expansion program."
BUSINESS
February 25, 1994
Southwestern Bell expandsSouthwestern Bell Corp. said yesterday that it has agreed to buy the cellular telephone business of Pittsburgh-based Associated Communications Corp. in a stock swap valued at $680 million.San Antonio-based Southwestern Bell, with 2 million cellular customers at the end of 1993, is the nation's No. 2 cellular telephone company.RJR Nabisco to issue stockRJR Nabisco Holdings Corp. said yesterday that it plans to raise about $2 billion through an issue of preferred stock that will be converted into common stock in three years.
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