Hyatt Reports First-Quarter 2020 Results
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Hyatt Hotels (H) Misses Q1 EPS by 45c
May 6, 2020 4:58 PM EDTHyatt Hotels (NYSE: H) reported Q1 EPS of ($0.59), $0.45 worse than the analyst estimate of ($0.14).
Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "As COVID-19 became a global pandemic, we took prompt and meaningful actions to manage the first phase of the impact of the virus. We obtained substantial additional cash, reduced investment and corporate spending to preserve cash, and we reduced third party hotel owners' direct costs through this period. While we continue to operate in an environment... More
