NEW YORK (TheStreet) --Shares of La Quinta (LQ) are flat in after-hours trading on Wednesday, after the company announced earnings per share that were in line with analyst expectations, but revenue that fell below estimates for the second quarter of 2015.
The company reported earnings of 19 cents per share for the quarter ended June 30, compared with 16 cents per share for the same period in 2014.
Revenue grew to $273.89 million for the second quarter of this year, compared with $260.29 million for the same period last year.
Analysts had estimated for earnings of 19 cents per share on revenue of $276.08 million for the 2015 second quarter.
La Quinta also lowered its guidance for fiscal 2015 as one of the largest company-owned hotels is closed for repairs and rainy weather in Texas slowed business.
La Quinta stock closed up by 2.45% to $22.13 on Wednesday afternoon.
Separately, TheStreet Ratings team rates LA QUINTA HOLDINGS INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LA QUINTA HOLDINGS INC (LQ) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures."
You can view the full analysis from the report here: LQ Ratings Report