Starwood Hotels & Resorts Worldwide (NYSE: HOT) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Starwood Hotels & Resorts Worldwide beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased significantly.

Margins expanded across the board.

Revenue details
Starwood Hotels & Resorts Worldwide tallied revenue of $1.54 billion. The 22 analysts polled by S&P Capital IQ hoped for revenue of $1.47 billion on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $1.72 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.76. The 30 earnings estimates compiled by S&P Capital IQ anticipated $0.53 per share. Non-GAAP EPS of $0.76 for Q1 were 21% higher than the prior-year quarter's $0.63 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $1.09 for Q1 were 70% higher than the prior-year quarter's $0.64 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 66.3%, much better than the prior-year quarter. Operating margin was 15.1%, 250 basis points better than the prior-year quarter. Net margin was 13.8%, 630 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.54 billion. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $6.05 billion. The average EPS estimate is $2.67.

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