Hyatt Hotels: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:06 AM ET
Last Updated - Jun 21, 2023, 10:57 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Hyatt Hotels Corp. (H) on Thursday reported first-quarter net income of $58 million.
On a per-share basis, the Chicago-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring gains, came to 41 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The hotel operator posted revenue of $1.68 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $1.59 billion.
