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Aug 20, 2024 12:30 PM

H World Group Shares Dip as Q2 Earnings and Sales Fall Short of Expectations

H World Group Limited (NASDAQ:HTHT) shares are trading lower on Tuesday.

The company reported second-quarter adjusted earnings per ADS of 53 cents, missing the analyst consensus of 74 cents. Quarterly sales of $846 million missed the street view of $956.48 million.

Revenue rose by 11.2% year-over-year, reaching the upper end of the previously forecasted 7% to 11% increase for the second quarter of 2024. Revenue from the Legacy-Huazhu segment grew by 11.1% year-over-year, aligning ...