LuxUrban Hotels shares are trading lower after the company reported a year-over-year decrease in Q1 GAAP EPS results.
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels Inc. (LUXH) shares are trading lower following the announcement of a year-over-year decrease in its Q1 GAAP EPS results.
May 14, 2024 | 5:34 pm
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LuxUrban Hotels Inc. reported a year-over-year decrease in Q1 GAAP EPS, leading to a decline in its stock price.
The decrease in GAAP EPS year-over-year is a direct indicator of LuxUrban Hotels Inc.'s reduced profitability for the quarter, which typically leads to negative investor sentiment and a decrease in stock price in the short term.
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