- Huazhu Group Ltd HTHT reported third-quarter FY21 sales growth of 11.6% year-on-year, to RMB3.5 billion ($547 million), beating the analyst consensus of $487.65 million.
- The operating costs and expenses rose 15.1% Y/Y to RMB3.5 billion.
- The operating margin was 2%, and operating income for the quarter was RMB72 million ($10 million).
- The company held RMB5.4 billion ($836 million) in cash and equivalents as of September 30, 2021.
- Operating cash flow for the quarter was RMB192 million ($29 million).
- Adjusted EPS loss of $(0.02) beat the analyst consensus of $(0.03).
- Outlook: Huazhu sees Q4 revenue growth of 6% - 10%.
- The company expects FY21 revenue growth of 22% - 26%.
- Price Action: HTHT shares are trading lower by 3.79% at $43.76 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
