H World Group Q2 Adj Earnings Per ADS $0.53 Misses $0.74 Estimate, Sales $846.00M Miss $956.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
H World Group reported Q2 adjusted earnings per ADS of $0.53, missing the $0.74 estimate, and sales of $846 million, missing the $956.48 million estimate. Despite missing estimates, earnings and sales increased compared to the previous year.
August 20, 2024 | 10:20 am
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H World Group's Q2 earnings per ADS of $0.53 missed the $0.74 estimate, and sales of $846 million missed the $956.48 million estimate. However, both earnings and sales showed year-over-year growth.
The earnings and sales figures both missed analyst estimates, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year growth in both metrics may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100