AMSTERDAM (AP) — AMSTERDAM (AP) — Playa Hotels & Resorts NV (PLYA) on Monday reported first-quarter profit of $54.3 million.

The Amsterdam-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring costs, came to 40 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The developer and operator of all-inclusive resorts posted revenue of $300.6 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLYA at https://www.zacks.com/ap/PLYA