Hyatt Hotels posts 4Q revenue of $1.08 billion, result misses forecasts

Hyatt Hotels Corp. (H) on Wednesday reported fourth-quarter profit of $182 million.

The Chicago-based company said it had net income of $1.20 per share. Earnings, adjusted for one-time gains and costs, were 31 cents per share.

The hotel operator posted revenue of $1.08 billion in the period, which did not meet Street forecasts. Analysts expected $1.1 billion, according to Zacks.

For the year, the company reported profit of $344 million, or $2.23 per share. Revenue was reported as $4.42 billion.

Hyatt Hotels shares have dropped 1 percent since the beginning of the year. The stock has increased 13 percent in the last 12 months.


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Keywords: Hyatt Hotels, Earnings Report