CHICAGO (AP) — CHICAGO (AP) — Hyatt Hotels Corp. (H) on Thursday reported third-quarter earnings of $58 million.
The Chicago-based company said it had net income of 60 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The hotel operator posted revenue of $1.74 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.77 billion.
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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
