Hyatt Hotels: Q2 Earnings Snapshot
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.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on H at https://www.zacks.com/ap/H