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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Hyatt Earnings Increase To $36M 0 comments
    Oct 30, 2013 11:08 AM | about stocks: H

    Originally published at www.seclive.com

    Hyatt Hotels Corporation (NYSE:H) announced in its most recent quarterly results, that the company's earnings improved from $30M to $36M. Total revenues improved from $977M a year ago to $1.03B this quarter, in line with analyst predictions. Revenue per available room (RevPAR) increased 6.0% from the year-ago quarter while U.S. full-service hotel comparable RevPAR improved 7.6%. Eleven hotels were opened during the quarter, resulting in a total portfolio of around 215 hotels comprising 50,000 rooms. When excluding one-time items, shareholder earning improved from $0.18 per share last year to $0.23 this quarter. Hyatt repurchased $29M worth of stock, or 702,502 shares for $41.28 per share, returning value to its shareholders. President and CEO Mark Hoplamazian commented that the company is continuing measured and steady growth, continuing its trend to position itself for long-term success.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: H
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