Hilton Grand Vacations Q2 Adj. EPS $0.85 Beats $0.79 Estimate, Sales $1.01B Miss $1.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations (NYSE:HGV) reported Q2 adjusted earnings of $0.85 per share, beating the analyst consensus estimate of $0.79 by 7.59%. However, the company's quarterly sales of $1.01 billion missed the analyst consensus estimate by 0.30%. The earnings represent a 41.67% increase from the same period last year, while the sales represent a 6.22% increase.
August 04, 2023 | 1:00 pm
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Hilton Grand Vacations reported better than expected Q2 earnings but missed on sales. This mixed report may lead to uncertain market reactions.
Hilton Grand Vacations reported a strong increase in earnings, beating estimates, which is positive for the stock. However, the company missed on sales, which is negative. The mixed results make the short term impact on the stock uncertain.
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