Hyatt Hotels beats by $0.02, misses on revs; provides FY17 guidance (56.98)
- Reports Q4 (Dec) earnings of $0.29 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.27; revenues fell 2.0% year/year to $1.09 bln vs the $1.11 bln Capital IQ Consensus.
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FY17 outlook:
- Net income is expected to be approximately $94 million to $129 million, may not compare to the $196.85 mln adj estimate.
- Comparable systemwide RevPAR is expected to increase approximately 0% to 2%, as compared to fiscal year 2016.
- The co expects to open approximately 60 hotels.