May 5, 2021 Updated: May 5, 2021 2:21 p.m.
AMSTERDAM (AP) _ Playa Hotels & Resorts NV (PLYA) reported a loss of $ 69.7 million in the first quarter on Wednesday.
On a share basis, the Amsterdam-based company reported a loss of 43 cents. The losses adjusted for one-time gains and costs were 31 cents per share.
The developer and operator of all-inclusive resorts generated revenue of $ 77.7 million for the reporting period, beating Street’s forecasts. Three analysts surveyed by Zacks expected $ 66 million.
Playa Hotels stocks are up 21% since the start of the year. In the last few minutes of trading on Wednesday, stocks hit $ 7.19, more than triple in 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 PLYA at https://www.zacks.com/ap/PLYA
