AMSTERDAM (AP) — AMSTERDAM (AP) — Playa Hotels & Resorts NV (PLYA) on Monday reported first-quarter profit of $43.1 million.
The Amsterdam-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs and severance costs, came to 37 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The developer and operator of all-inclusive resorts posted revenue of $267.3 million in the period.
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