Investing.com - Huazhu reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Huazhu announced earnings per share of -1.2 on revenue of 2.33B. Analysts polled by Investing.com anticipated EPS of -1.61 on revenue of 2.36B.
Huazhu shares are up 22.81% from the beginning of the year, still down 14.30% from its 52 week high of 64.53 set on February 16. They are outperforming the Nasdaq which is up 5.81% from the start of the year.
Huazhu shares lost 1.70% in intra-day trade following the report.
Huazhu follows other major Services sector earnings this month
Huazhu's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Alibaba ADR had missed expectations on May 13 with fourth quarter EPS of 10.32 on revenue of 187.4B, compared to forecast for EPS of 11.16 on revenue of 187.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar