Investing.com - Huazhu reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Huazhu announced earnings per share of -0.45 on revenue of 3.34B. Analysts polled by Investing.com anticipated EPS of -0.177 on revenue of 3.36B.
Huazhu shares are down 0% from the beginning of the year, still down 31.72% from its 52 week high of 64.53 set on February 16, 2021. They are outperforming the S&P 500 which is down 4.13% from the start of the year.
Huazhu shares gained 2.18% 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 Amazon.com on February 3, who reported EPS of 27.75 on revenue of 137.41B, compared to forecasts EPS of 3.61 on revenue of 137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of 2.54 on revenue of 17.72B, compared to forecast for EPS of 2.36 on revenue of 17.13B.
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