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Why GreenTree Hospitality Stock Tanked 16% on Thursday

TheMotleyFool

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Why GreenTree Hospitality Stock Tanked 16% on ThursdayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Shares of GreenTree Hospitality Group (NYSE: GHG) were down as much as 16% during Thursday trading. The Chinese hotel operator reported its earnings after the close yesterday, posting a disappointing earnings per share (EPS) number. As of 11:42 a.m. EST, the stock is down 9.8% on the day.

On Jan. 12, GreenTree Hospitality released its earnings for the third quarter of 2021. EPS came in at $0.49 for the period, missing the consensus estimates of $1.21 by a wide margin. Given how much importance many investors place on an EPS number, this big miss is likely why GreenTree Hospitality stock is down so much on Thursday.

Image source: Getty Images.

Source Fool.com

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