UPDATE: Huazhu Group Limited (HTHT) Tops Q4 EPS by 2c

Huazhu Group Limited (NASDAQ: HTHT) reported Q4 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $390.3 million versus the consensus estimate of $388.5 million.

Guidance
In the first quarter of 2019, the Company expects net revenues to grow 13% to 15% year-over-year. For the full year 2019, the Company expects net revenues to grow 15% to 17% from 2018.

The Company anticipates the gross opening of 800-900 hotels in 2019, about 75% of which are midscale and upscale hotels.

The above forecast reflects the Company’s current and preliminary view, which is subject to change.

For earnings history and earnings-related data on Huazhu Group (HTHT) click here.

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