06:53 AM EDT, 08/20/2024 (MT Newswires) -- H World Group ( HTHT ) reported Q2 adjusted earnings Tuesday of 3.88 Chinese renminbi ($0.54) per diluted American depositary share, up from 3.29 renminbi a year earlier.

Two analysts polled by Capital IQ expected 3.03 renminbi.

Revenue for the quarter ended June 30 was 6.15 billion renminbi, up from 5.53 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 5.98 billion renminbi.

H World ( HTHT ) said it expects Q3 revenue to grow 2% to 5%.

The hotel operator said it now expects to open 2,200 hotels this year, up from its prior outlook of 1,800 hotels.

Shares of the company were down 1.6% in recent premarket activity.

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