Morgans Hotel Group (MHGC) Reports Q2 Loss of $0.30
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Supermicro probe finds no senior management link to export violations
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
Morgans Hotel Group Reports Second Quarter 2016 Results
August 8, 2016 8:15 AM EDTNEW YORK, Aug. 08, 2016 (GLOBE NEWSWIRE) --
Morgans Hotel Group Co. (NASDAQ: MHGC) (the Company or Morgans) today reported financial results for the quarter ended June 30, 2016.
Second Quarter 2016 Operating Results
Adjusted EBITDA, defined below was $11.2 million in the second quarter of 2016, compared to $12.7 million for the same period in 2015, a decrease of 11.4%. Â
Revenue per available room (RevPAR) at System-Wide Comparable Hotels decreased by 1.5% in constant dollars (2.8% in actual dollars) in the second quarter of 2016 as compared to the... More
