Hyatt Hotels Corp. Q3 Earnings Fall 74%

(RTTNews) - Hyatt Hotels Corp. (H) released a profit for third quarter that dropped from last year.

The company said its earnings dropped to $16 million, or $0.13 per share. This was down from $62 million, or $0.47 per share, in last year's third quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.8% to $1.12 billion. This was up from $1.09 billion last year.

Hyatt Hotels Corp. earnings at a glance:

-Earnings (Q3): $16 Mln. vs. $62 Mln. last year. -Earnings Decline (Y-o-Y): -74.2% -EPS (Q3): $0.13 vs. $0.47 last year. -EPS Decline (Y-o-Y): -72.3% -Analysts Estimate: $0.19 -Revenue (Q3): $1.12 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): 2.8%