CHICAGO (AP) _ Hyatt Hotels Corp. (H) reported a loss of $ 203 million in the fourth quarter on Wednesday after posting a profit in the same period last year.
The Chicago-based company said it posted a loss of $ 2 per share. The one-time cost-adjusted losses were $ 1.77 per share.
The results fell short of Wall Street’s expectations. The average estimate by nine analysts surveyed by Zacks Investment Research was a loss of $ 1.36 per share.
The hotel operator generated revenue of $ 424 million in the reporting period, which also fell short of Street’s forecasts. Six analysts surveyed by Zacks expected $ 453.6 million.
For the year, the company reported a loss of $ 703 million, or $ 6.93 per share, which resulted in a loss for the period. The turnover was given with 2.07 billion US dollars.
Hyatt Hotels shares are up roughly 6% since the start of the year. In the last few minutes of trading on Wednesday, stocks hit $ 78.44, down 12% over the past 12 months.
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This story was made by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on H at https://www.zacks.com/ap/H
