Hyatt Reports First Quarter 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Hyatt Hotels (H) Tops Q1 EPS by 2c
May 2, 2018 4:50 PM EDTHyatt Hotels (NYSE: H) reported Q1 EPS of $0.33, $0.02 better than the analyst estimate of $0.31.
First quarter of 2018 financial highlights as compared to the first quarter of 2017 are as follows:
Net income increased 643.6% to $411 million, aided by gains on sales of real estate.Adjusted EBITDA decreased 7.3% to $202 million, down 8.4% in constant currency.Comparable systemwide RevPAR increased 4.3%, including an increase of 1.6% at comparable owned and leased hotels. Excluding the impact of Easter holiday timing, comparable systemwide RevPAR increased 4.6% and comparable owned and leased RevPAR increased 2.0%.Comparable U.S. hotel RevPAR increased 2.7%; full... More