Huazhu Earnings, Revenue Miss in Q2

Investing.com - Huazhu reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Huazhu announced earnings per share of -3.85 on revenue of 2.01B. Analysts polled by Investing.com anticipated EPS of -2.25 on revenue of 2.02B.

Huazhu shares are down 12.53% from the beginning of the year , still down 18.77% from its 52 week high of 43.15 set on December 20, 2019. They are under-performing the Nasdaq which is up 12.11% year to date.

Huazhu follows other major Services sector earnings this month

Huazhu's report follows an earnings missed by Lululemon Athletica on June 11, who reported EPS of 0.22 on revenue of 651.96M, compared to forecasts EPS of 0.23 on revenue of 691.63M.

IHS Markit Ltd had beat expectations on June 23 with second quarter EPS of 0.69 on revenue of 1.03B, compared to forecast for EPS of 0.67 on revenue of 1.05B.

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