CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Monday reported a second-quarter loss of $236 million, after reporting a profit in the same period a year earlier.
The Chicago-based company said it had a loss of $2.33 per share. Losses, adjusted for non-recurring costs, were $1.80 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.38 per share.
The hotel operator posted revenue of $250 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $250.6 million.
Hyatt Hotels shares have declined 47% since the beginning of the year. In the final minutes of trading on Monday, shares hit $47.98, a fall of 37% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on H at https://www.zacks.com/ap/H
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