LodgeNet Entertainment Corp. reaffirmed its third-quarter financial guidance
The provider of broadband interactive-television services to the hospitality
industry said positive occupancy trends should push results into the upper half
of its previously stated range.
"We've seen a steady climb in the occupancy rates across the thousands of
hotels we serve," president and CEO Scott C. Petersen said in a release. "In
addition, we continue to benefit from economies of scale by serving more rooms
without increasing our operating costs."
The company expects to report third-quarter revenue of $66 million-$69
million and operating income of $2.7 million-$4.2 million. Its loss-per-share
estimates are 39 cents-51 cents.