Choice Hotels Intl Q2 Adj. EPS $1.75 Beats $1.70 Estimate, Sales $427.42M Beat $422.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels Intl (NYSE:CHH) reported Q2 adjusted earnings of $1.75 per share, beating the analyst consensus estimate of $1.70 by 2.94%. This is a 22.38% increase from the same period last year. The company also reported quarterly sales of $427.42 million, beating the analyst consensus estimate of $422.58 million by 1.15%, a 16.15% increase from the same period last year.
August 08, 2023 | 10:31 am
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POSITIVE IMPACT
Choice Hotels Intl reported Q2 earnings and sales that beat estimates. This could potentially lead to a positive short-term impact on the company's stock.
Choice Hotels Intl reported better than expected Q2 earnings and sales. This positive financial performance could increase investor confidence and demand for the stock, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100