Huazhu Group Limited Reports First Quarter of 2019 Financial Results
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Huazhu Group Limited (HTHT) Misses Q1 EPS by 4c, Revenues Beat
May 22, 2019 4:36 PM EDTHuazhu Group Limited (NASDAQ: HTHT) reported Q1 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $356 million versus the consensus estimate of $341.17 million.
A total of 4,396 hotels or 439,614 hotel rooms in operation as of March 31, 2019.Hotel turnover1 increased 17% year-over-year to RMB7.2 billion for the first quarter of 2019Net revenues increased 14.2% year-over-year to RMB2.4 billion (US$356 million)2 for the first quarter of 2019, in line with the... More