H World Group Q3 Adj EPADS $0.58 Beats $0.43 Estimate, Sales $861.00M Beat $800.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
H World Group (NASDAQ:HTHT) exceeded Q3 earnings and sales estimates with an adjusted EPS of $0.58, surpassing the $0.43 forecast, and reported sales of $861.00M, beating the $800.19M estimate. This marks a significant improvement from the previous year's losses and lower sales figures.
November 24, 2023 | 11:16 am
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POSITIVE IMPACT
H World Group reported strong Q3 results with a 34.88% beat on EPS estimates and a 7.60% beat on sales forecasts, indicating robust financial performance and potential investor confidence.
The substantial beat on both earnings per share and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported figures show a strong year-over-year growth, which may further bolster investor confidence and stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100