Huazhu Group Limited Reports Third Quarter of 2018 Financial Results
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China Lodging Group (HTHT) Misses Q3 EPS by 3c, Revenues Beat
November 15, 2018 4:33 PM ESTChina Lodging Group (NASDAQ: HTHT) reported Q3 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $402.97 million versus the consensus estimate of $383.77 million.
A total of 4,055 hotels or 409,516 hotel rooms in operation as of September 30, 2018.Net revenues increased 15.9% year-over-year from RMB2,387.3 million to RMB2,767.6 million (US$403.0 million) 1 for the third quarter of 2018, exceeding high-end of Q3 revenue guidance (10.5%-12.5%).Income from operations increased 32.9% year-over-year from RMB583.1 million to RMB774.8 million (US$112.8 million) for the third quarter of 2018. The operating margin year-over-year improved from 24.4% to 28.0%.Net... More