Hilton Grand Vacations shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 adjusted EBITDA guidance.
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 adjusted EBITDA guidance.
August 08, 2024 | 12:27 pm
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NEGATIVE IMPACT
Hilton Grand Vacations shares are trading lower due to disappointing Q2 financial results and a reduction in FY24 adjusted EBITDA guidance.
The company's worse-than-expected Q2 financial results and the downward revision of FY24 adjusted EBITDA guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100