Choice Hotels Intl Q2 2024 Adj. EPS $1.84 Misses $1.86 Estimate, Sales $435.156M Miss $438.232M Estimate
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels Intl (NYSE:CHH) reported Q2 2024 earnings of $1.84 per share, missing the analyst estimate of $1.86. Sales were $435.156 million, also below the $438.232 million estimate. Despite the misses, both earnings and sales showed year-over-year growth.
August 08, 2024 | 10:32 am
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Choice Hotels Intl reported Q2 2024 earnings and sales that missed analyst estimates. Earnings were $1.84 per share, below the $1.86 estimate, and sales were $435.156 million, below the $438.232 million estimate. Despite the misses, both metrics showed year-over-year growth.
The earnings and sales misses are likely to have a negative short-term impact on CHH's stock price, despite the year-over-year growth. Investors often react negatively to missed estimates.
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