Hyatt Hotels: Q2 Earnings Snapshot

August 9, 2022 GMT

CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Tuesday reported second-quarter net income of $206 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had net income of $1.85. Earnings, adjusted for non-recurring gains, were 46 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The hotel operator posted revenue of $1.48 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.36 billion.


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