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Stock impact report

Choice Hotels (CHH) Q1 Earnings Top, Revenues Miss, Stock Down [Yahoo! Finance]

Choice Hotels International, Inc. (CHH) 
Last choice hotels international, inc. earnings: 2/18 08:12 am Check Earnings Report
US:NYSE Investor Relations: investor.choicehotels.com
Company Research Source: Yahoo! Finance
CHH delivered mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line fell year over year, while the bottom line increased. Following the results, the company's shares declined 5.3% on May 7. Patrick Pacious, president and CEO, expressed satisfaction with first-quarter performance, which was built on the company's record financial results in 2023. CHH benefited from impressive outcomes of the effective realization of revenue synergies, stemming from the Radisson Americas acquisition. Q1 Earnings and Revenues Choice Hotels reported adjusted earnings per share (EPS) of $1.28, beating the Zacks Consensus Estimate of $1.15 by 11.3%. It reported adjusted EPS of $1.12 in the prior-year quarter. Quarterly revenues of $331.9 million missed the consensus mark of $345 million. The metric dipped 0.3% from the year-ago quarter's level of $332.8 million. Choice Hotels International, Inc. Price, Consensus and EPS Sur Show less Read more
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