Hyatt Hotels Corp. Bottom Line Advances 40% In Q3

(RTTNews) - Hyatt Hotels Corp. (H) revealed a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line climbed to $42 million, or $0.30 per share. This was up from $30 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.5% to $1.05 billion. This was down from $1.10 billion last year.

Hyatt Hotels Corp. earnings at a glance:

-Earnings (Q3): $42 Mln. vs. $30 Mln. last year. -Earnings Growth (Y-o-Y): 40.0% -EPS (Q3): $0.30 vs. $0.20 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.25 -Revenue (Q3): $1.05 Bln vs. $1.10 Bln last year. -Revenue Change (Y-o-Y): -4.5%