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Spa provider Steiner's Q2 profit declines, beats Street by a penny

Spa provider Steiner's Q2 profit declines, beats Street by a penny
Spa provider Steiner Leisure Ltd. posted a second quarter profit of $8.3m, or 57 cents per share, down from $12.3m, or 83 cents per share, a year ago. EPS was a penny higher than the Wall Street consensus expectation.

Total revenues increased 1%, to $209.3m from $207.7m. In the cruise division, revenues were down 3.4% quarter-over-quarter due to the loss of Celebrity Cruises ships that were in service last year in Q2.

The average number of ships served in the period was 145, down from 154 a year ago. Revenue per staff per day was $401, down from $396.

Steiner management scheduled a conference call for Thursday morning at 11 EDT to discuss the results.

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