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.