Playa Hotels: Q4 Earnings Snapshot

Associated Press Finance
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AMSTERDAM (AP) — AMSTERDAM (AP) — Playa Hotels & Resorts NV (PLYA) on Thursday reported fourth-quarter net income of $1 million.

The Amsterdam-based company said it had net income of 1 cent per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The developer and operator of all-inclusive resorts posted revenue of $242.5 million in the period.

For the year, the company reported profit of $53.9 million, or 36 cents per share. Revenue was reported as $977.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLYA at https://www.zacks.com/ap/PLYA

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