Investing.com - Huazhu reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Huazhu announced earnings per share of -0.02 on revenue of 3.07B. Analysts polled by Investing.com anticipated EPS of 2.41 on revenue of 3B.
Huazhu shares are up 18.92% from the beginning of the year, still down 17.02% from its 52 week high of 64.53 set on February 16. They are outperforming the Nasdaq which is up 2.69% from the start of the year.
Huazhu shares lost 3.59% in intra-day trade following the report.
Huazhu follows other major Services sector earnings this month
Huazhu's report follows an earnings beat by Home Depot on February 23, who reported EPS of 2.65 on revenue of 32.26B, compared to forecasts EPS of 2.63 on revenue of 30.63B.
Pinduoduo had beat expectations on March 17 with first quarter EPS of -0.15 on revenue of 26.55B, compared to forecast for EPS of -0.2543 on revenue of 19.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar