Investing.com - Huazhu reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Huazhu announced earnings per share of -1.2 on revenue of 2.33B. Analysts polled by Investing.com anticipated EPS of -1.61 on revenue of 2.36B.
Huazhu shares are up 22.81% from the beginning of the year and are trading at 55.30 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.81% from the start of the year.
Huazhu shares lost 1.70% 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, April 29, 2021, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Alibaba ADR had missed expectations on Thursday, May 13, 2021 with fourth quarter EPS of 10.32 on revenue of 187.4B, compared to forecast for EPS of 11.16 on revenue of 187.37B.
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