NEW YORK (TheStreet) -- China Lodging Group (HTHT) shares are flat in after-hours trading after the Chinese hospitality company reported its third quarter earnings after the closing bell today.
The company reported a 21% increase in net revenues over the previous year to $226.1 million, in line with its own guidance for the quarter and in line with analysts expectations for the period.
Net income for the quarter increased 19.8% over the previous year to $24.4 million, or 43 cents per diluted share on an adjusted non-GAAP basis, 5 cents better than analysts were expecting for the quarter.
TheStreet Ratings team rates CHINA LODGING GROUP LTD -ADR as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHINA LODGING GROUP LTD -ADR (HTHT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."