Hyatt Hotels: Fourth Quarter Earnings Overview

Hyatt Hotels Reports Fourth Quarter Financial Results

Hyatt Hotels Corporation, headquartered in Chicago, announced on Thursday that it recorded a net loss of $20 million for the fourth quarter.

The company reported a loss of $0.21 per share. However, after adjusting for one-time items and pretax charges, Hyatt’s earnings stood at $1.33 per share.

These adjusted earnings exceeded analysts’ expectations, as a consensus of six analysts polled by Zacks Investment Research had predicted earnings of $0.29 per share.

During the quarter, Hyatt generated $1.79 billion in revenue, which was in line with Wall Street projections.

Financial data for this article was compiled by Automated Insights using information from Zacks Investment Research.