Overview
- The stock fell roughly 13%–15% on Tuesday, closing at $18.79 after investors digested the mixed report.
- Third-quarter revenue hit a record $2.9 billion, up about 4%–5% year over year, but trailed the $3.02 billion consensus.
- Adjusted EPS of $1.20 and adjusted EBITDA of about $1.02 billion topped guidance, while GAAP net income was $419.3 million, down from last year.
- The company guided fourth-quarter adjusted EPS to $0.27 versus the $0.30 Street view, reaffirmed full-year adjusted EBITDA of $2.72 billion and adjusted net income of about $1.05 billion, and raised full-year adjusted EPS to $2.10.
- Operational indicators remained solid with occupancy at 106.4%, though reports highlighted demand and cost pressures linked to inflation, tariffs, fuel and maintenance.