Revenue Update on Belmond Ltd(NYSE:BEL)

Belmond Ltd(NYSE:BEL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $158.10M. Analysts estimated a revenue of $163.25M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.09.

Belmond Ltd (BEL) made into the market gainers list on Fridays trading session with the shares advancing 0.18% or 0.02 points. Due to strong positive momentum, the stock ended at $11.3, which is also near the day’s high of $11.36. The stock began the session at $11.25 and the volume stood at 2,45,501 shares. The 52-week high of the shares is $12.04 and the 52 week low is $7.31. The company has a current market capitalization of $1,354 M and it has 11,97,83,087 shares in outstanding.

Belmond Ltd. (Belmond) formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. Belmond manages around 45 properties consisting of around 35 individual deluxe hotels one stand-alone restaurant six tourist trains and three river/canal cruise businesses. Belmond’s 45 properties operate in approximately 22 countries. Belmond operates in six segments: owned hotels-Europe owned hotels-North America owned hotels-Rest of World part-owned/managed hotels owned trains and cruises and part-owned/managed trains. Its properties include hotels such as Belmond Hotel Cipriani Belmond Hotel Splendido and Belmond Splendido Mare Belmond Villa San Michele Belmond Hotel Caruso Belmond Khwai River Lodge Belmond Eagle Island Lodge and Belmond Savute Elephant Lodge among others and trains and cruises such as Belmond British Pullman Belmond Northern Belle Belmond Royal Scotsman Belmond Road to Mandalay and Eastern & Oriental Express among others.

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