Falls on surprise Q3 loss

H World

04/12/2020 14:34

** U.S.-listed shares of Chinese hotel chain operator
 HTHT.O  down 2.5% at $49.90
    ** Co posts surprise loss of 0.75 yuan ($0.11) per American
Depository Share (ADS) for Q3, as hotels remained closed and
operating expenses surged due to the COVID-19 pandemic
 urn:newsml:reuters.com:*:nGNX7szyJb
    ** Reports Q3 revenue that was slightly higher than
expectations
    ** HTHT expects Q4 revenue to rise between 0% and 3%
    ** We are also exploring new opportunities in lower-tier
cities to further expand our presence across China - CEO
    ** Up to Thursday's close, stock has risen ~28% this year


($1 = 6.5300 Chinese yuan renminbi)

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))