Stock Track | H World Group Plunges 7.76% in Pre-Market as Q3 Earnings Miss and Revenue Guidance Disappoints

Stock Track2024-11-26

H World Group Ltd. (HTHT) stock plummeted 7.76% in the pre-market session on Tuesday, following the release of its third-quarter 2024 earnings report. The Chinese hotel operator's performance and outlook failed to meet market expectations, triggering a sell-off in the stock.

The company reported adjusted earnings of 4.29 Chinese renminbi ($0.61) per American depositary share (ADS) in the third quarter, down from 4.67 renminbi a year earlier and missing analyst estimates of 4.72 renminbi. While revenue increased 2.4% year-over-year to 6.44 billion renminbi ($918 million), it fell short of analysts' expectations of 6.55 billion renminbi.

H World Group's guidance for the fourth quarter also disappointed investors. The company expects revenue growth in the range of 1% to 5% compared to the same period last year, a relatively modest projection that could indicate a slowdown in its business momentum.

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(HTHT) stock plummeted 7.76% in the pre-market session on Tuesday, following the release of its third-quarter 2024 earnings report. The Chinese hotel operator's performance and ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTHT","symbol_name":"华住","start_time":0,"source_url":"","article_id":"1181622793","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181622793","pubTimestamp":1732621708,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"H World Group Ltd.  stock plummeted 7.76% in the pre-market session on Tuesday, following the release of its third-quarter 2024 earnings report. The Chinese hotel operator's performance and outlook failed to meet market expectations, triggering a sell-off in the stock.The company reported adjusted earnings of 4.29 Chinese renminbi  per American depositary share  in the third quarter, down from 4.67 renminbi a year earlier and missing analyst estimates of 4.72 renminbi. While revenue increased 2.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HTHT":"华住"},"translate_title":"由于第三季度盈利未达预期和收入指引令人失望，H股World Group盘前暴跌7.76%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HTHT":1},"content_text":"H World Group Ltd. (HTHT) stock plummeted 7.76% in the pre-market session on Tuesday, following the release of its third-quarter 2024 earnings report. 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