Investing.com - Huazhu reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Huazhu announced earnings per share of -2.1 on revenue of 2.68B. Analysts polled by Investing.com anticipated EPS of -2.49 on revenue of 2.52B.
Huazhu shares are down 17.62% from the beginning of the year, still down 48.61% from its 52 week high of 59.86 set on June 2, 2021. They are outperforming the Nasdaq which is down 22.46% from the start of the year.
Huazhu shares gained 1.55% in intra-day trade following the report.
Huazhu follows other major Consumer Discretionary sector earnings this month
Huazhu's report follows an earnings beat by Home Depot on May 17, who reported EPS of 4.09 on revenue of 38.91B, compared to forecasts EPS of 3.69 on revenue of 36.71B.
Alibaba ADR had beat expectations on Thursday with fourth quarter EPS of 7.95 on revenue of 204.05B, compared to forecast for EPS of 7.1 on revenue of 199.47B.
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