Investing.com - Huazhu reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Huazhu announced earnings per share of 0.46 on revenue of 3.48B. Analysts polled by Investing.com anticipated EPS of 0.5933 on revenue of 3.67B.
Huazhu shares are up 5.2% from the beginning of the year, still down 26.59% from its 52 week high of 64.53 set on February 16. They are under-performing the Nasdaq which is up 18.21% from the start of the year.
Huazhu follows other major Services sector earnings this month
Huazhu's report follows an earnings beat by Visa A on Tuesday, who reported EPS of 1.62 on revenue of 6.56B, compared to forecasts EPS of 1.55 on revenue of 6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of 3.19 on revenue of 7.48B, compared to forecast for EPS of 2.57 on revenue of 7.48B.
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