Hyatt Hotels Reports Third-Quarter Earnings Beat but Narrows Full-Year EBITDA Outlook
Hyatt Hotels (H) reported third-quarter adjusted earnings of $1.27 per share, surpassing analyst estimates despite a slight miss on revenue expectations. The earnings beat was driven by robust hotel demand and an increase in fee income, which helped bolster the bottom line. Despite the quarterly performance, Hyatt has narrowed its full-year EBITDA outlook, signaling a more cautious stance for the remainder of the fiscal year. Shares responded positively to the earnings surprise, rising approximately 2% in premarket trading.
Tickers: $H
Topics: earnings beat hotel demand revenue miss
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