Hyatt Hotels: Q4 Earnings Snapshot
By AP News
Published - Feb 16, 2023, 07:16 AM ET
Last Updated - Jun 22, 2023, 09:18 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Hyatt Hotels Corp. (H) on Thursday reported fourth-quarter net income of $294 million, after reporting a loss in the same period a year earlier.
The Chicago-based company said it had net income of $2.69 per share. Earnings, adjusted for one-time gains and costs, came to $2.55 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The hotel operator posted revenue of $1.59 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.5 billion.
