Hyatt Hotels (H) Tops Q3 EPS by 18c

Hyatt Hotels (NYSE: H) reported Q3 EPS of $0.47, $0.18 better than the analyst estimate of $0.29.

Third quarter 2016 financial highlights as compared to the third quarter of 2015 are as follows:

• Net income increased 148% to $62 million.
• Adjusted EBITDA increased 12.3% to $192 million, up 12.9% in constant currency.
• Comparable systemwide RevPAR increased 2.5%, including an increase of 1.0% at comparable owned and leased hotels.
• Comparable U.S. hotel RevPAR increased 3.8%; full service and select service hotel RevPAR increased 3.4% and 4.6%, respectively.
• Net hotel and net rooms growth was 9% and 7%, respectively.
• Comparable owned and leased hotels segment operating margins increased 80 basis points to 23.2%.

For earnings history and earnings-related data on Hyatt Hotels (H) click here.

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