Investing.com - Huazhu reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Huazhu announced earnings per share of -0.3 on revenue of 3.38B. Analysts polled by Investing.com anticipated EPS of 0.6916 on revenue of 3.52B.
Huazhu shares are up 4.26% from the beginning of the year and are trading at 38.93 , down-from-52-week-high.They are outperforming the Nasdaq which is down 23.2% from the start of the year.
Huazhu shares lost 3.42% in intra-day trade the report.
Huazhu follows other major Consumer Discretionary sector earnings this month
Huazhu's report follows an earnings beat by Home Depot on August 16, who reported EPS of 5.05 on revenue of 43.79B, compared to forecasts EPS of 4.95 on revenue of 43.36B.
Alibaba ADR had beat expectations on August 4 with second quarter EPS of 11.73 on revenue of 205.56B, compared to forecast for EPS of 10.7 on revenue of 203.47B.
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