Hyatt Hotels (H) Beats Estimates

Hyatt Hotels Corporation (NYSE: H) released financial results on Thursday morning that beat Wall Street estimates.

Hyatt Hotels Corporation reported that its 1st quarter net earnings fell to $5 million, or 3 cents per share, down from $14 million, or 11 cents per share, a year earlier.

Excluding special items, Hyatt Hotels Corporation  broke even, while revenue was up 6.5% to $841 million.

According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 6 cents per share.