• Hyatt Hotels shares are retreating from recent levels. What’s behind H decline?
The company reported quarterly adjusted earnings of $1.12 per share, beating the analyst consensus estimate of 91 cents. This represents an increase over earnings of 68 cents per share recorded in the same period last year.
Quarterly sales came in at $1.829 billion, surpassing the analyst consensus estimate of $1.812 billion. Revenue increased from $1.808 billion generated during the prior-year period, according to Benzinga Pro.
Diluted EPS reached $1.14, with net income attributable to Hyatt Hotels totaling $110 million and adjusted net income reaching $108 million. Gross fees grew 7.8% year-over-year to $324 million, while Adjusted EBITDA increased 3.4% to $297 million.
Balance Sheet Strength and Capital Allocation
