Playa Hotels: 3Q Earnings Snapshot
FAIRFAX, Va. (AP) _ Playa Hotels & Resorts NV (PLYA) on Tuesday reported a loss of $5.4 million in its third quarter.
The Fairfax, Virginia-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring gains, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The developer and operator of all-inclusive resorts posted revenue of $142.8 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $133.3 million.
Playa Hotels shares have fallen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.11, a drop of 11 percent in the last 12 months.