India, Oct. 29 -- Hyatt Hotels Corp. (H), on Thursday reported a swing to profit in the third quarter, despite a slight decline in revenue from the prior year.
Currently, shares are trading at 183.11, up 9.75 points or 5.63 percent. The stock closed at 173.35 on Wednesday.
Quarterly earnings were $58 million or $0.60 per share, compared to loss of $49 million or $0.51 per share last year. Adjusted profit for the period was $122 million or $1.27 per share.
On an adjusted basis, EBITDA was $295 million, up from $278 million a year ago.
Revenue for the quarter declined to $1.743 billion, from $1.786 billion last year.
The hotel operator group reported 6 percent increase in RevPAR for owned and leased hotels to $226.39, while occupancy was...