Investing.com - Huazhu reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Huazhu announced earnings per share of 1.43 on revenue of 3.59B. Analysts polled by Investing.com anticipated EPS of 1.04 on revenue of 3.59B.
Huazhu shares are up 6.46% from the beginning of the year and are trading at 47.94 , down-from-52-week-high.They are under-performing the Nasdaq which is up 16.4% from the start of the year.
Huazhu shares gained 6.13% in intra-day trade after the report.
Huazhu follows other major Services sector earnings this month
Huazhu's report follows an earnings beat by Amazon.com on Thursday, July 29, 2021, who reported EPS of 15.12 on revenue of 113.08B, compared to forecasts EPS of 12.23 on revenue of 115.42B.
Visa A had beat expectations on Tuesday, July 27, 2021 with third quarter EPS of 1.49 on revenue of 6.13B, compared to forecast for EPS of 1.34 on revenue of 5.86B.
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