Occupied Rooms Helping LodgeNet’s 3Q

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LodgeNet Entertainment Corp. reaffirmed its third-quarter financial guidance
Wednesday.

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.

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