AMSTERDAM (AP) _ Playa Hotels & Resorts NV (PLYA) on Tuesday reported second-quarter net income of $1 million.
The Amsterdam-based company said it had net income of 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The developer and operator of all-inclusive resorts posted revenue of $164 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $159.7 million.
Playa Hotels shares have fallen 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.76, a drop of 34% in the last 12 months.