Business

Hyatt Hotels 4Q adjusted profit tops Wall Street's view

Posted February 17, 2015 10:00 pm

The Associated Press

CHICAGO (AP) - Hyatt Hotels Corp.'s fourth-quarter profit rose, benefiting from a gain on the sale of real estate.

The Chicago-based company earned $182 million, or $1.20 per share, for the three months ended Dec. 31. A year earlier it earned $32 million, or 20 cents per share.

The current period included a $246 million gain on the sale of real estate.

Earnings, adjusted for one-time gains and costs, were 31 cents per share.

Analysts surveyed by FactSet expected earnings of 22 cents per share.

The hotel operator posted revenue of $1.08 billion. Wall Street anticipated higher revenue of $1.13 billion.

For the year, Hyatt reported a profit of $344 million, or $2.23 per share. Its adjusted profit was $1.09 per share. Revenue was reported as $4.42 billion.

The company's stock fell 53 cents to $59 in afternoon trading.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on H at http://www.zacks.com/ap/H

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Keywords: Hyatt Hotels, Earnings Report

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