hyatt hotels corp h reported thursday fourthquarter profit that beat expectations by a wide margin boosted by a noncash benefit of 250 million from the release of a valuation allowance on deferred taxes net income of 294 million or 269 a share compared with a net loss of 29 million or 26 cents a share in the yearago period the yearago results is from the earnings release from february 2022 because the hotel operator didn’t provide yearago results in the latest earnings press release or in the supplemental investor presentation excluding nonrecurring items adjusted earnings per share of 255 was above the factset consensus of 34 cents total revenue of 159 billion was up 476 from last year and above the factset consensus of 152 billion comparable systemwide revenue per available room revpar rose 24 in the fourth quarter but fell 61 for 2022 when compared with prepandemic 2019 levels the stock which rose 21 in premarket trading has rallied 246 over the past three months through wednesday while the sp 500 spx has advanced 48