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Playa Hotels: 2Q Earnings Snapshot

August 6, 2018

FAIRFAX, Va. (AP) _ Playa Hotels & Resorts NV (PLYA) on Monday reported second-quarter net income of $16.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Fairfax, Virginia-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring gains, came to 11 cents per share.

The developer and operator of all-inclusive resorts posted revenue of $145.6 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $144.9 million.

Playa Hotels shares have dropped nearly 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.27, a drop of 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLYA at https://www.zacks.com/ap/PLYA

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