For the latest quarter, the company earned 84 cents per share on revenue of $1.48 billion.
Analysts had forecast the company to earn 74 cents per share on revenue of $1.47 billion.
In the same quarter the previous year, the company earned 77 cents per share on revenue of $1.54 billion.
"The sales of the Gritti Palace, the Phoenician and the Element Denver Park Meadows indicate that we are successfully executing against our asset light strategy," CEO Adam Aron stated. "Looking ahead, we remain bullish about our long term growth."
Additionally, the hotel operator said that the revamping of its cost structure helped results in the face of macroeconomic challenges, as the company was impacted by the stronger dollar.
On Wednesday, shares closed up 2.42% to $82.65, and in Thursday's pre-market trading session shares are flat.
Stamford, CT-based Starwood Hotels & Resorts Worldwide operates as a hotel and leisure company.
Separately, TheStreet Ratings team rates STARWOOD HOTELS&RESORTS WRLD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARWOOD HOTELS&RESORTS WRLD (HOT) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: HOT Ratings Report