Before the market open, the Chicago-based hotel operator reported adjusted earnings of 47 cents per diluted share, handily topping analysts' estimates of 29 cents per share.
Revenue of $1.09 billion fell short of Wall Street's projections of $1.10 billion.
System-wide revenue per available room rose 2.5% year-over-year. Analysts surveyed by FactSet were looking for an increase of 2.3%.
For the full year, Hyatt expects revenue per available room to rise 2% to 3% over last year. Wall Street is modeling growth of 1.9%, according to FactSet.
The company anticipates full-year capital expenditures of $250 million, lower than its previous view of $260 million.
Shares of Hyatt closed lower on Wednesday.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: H