Investing.com - Huazhu reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Huazhu announced earnings per share of 0.85 on revenue of 3.1B. Analysts polled by Investing.com anticipated EPS of 0.6 on revenue of 2.95B.
Huazhu shares are up 2.32% from the beginning of the year and are trading at 41.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 31.96% from the start of the year.
Huazhu follows other major Services sector earnings this month
Huazhu's report follows an earnings beat by Amazon.com on Thursday, October 29, 2020, who reported EPS of 12.37 on revenue of 96.15B, compared to forecasts EPS of 7.41 on revenue of 92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of 18 on revenue of 155.06B, compared to forecast for EPS of 14.18 on revenue of 155.88B.
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