Hotpot Tycoon Sees Fortune Drop $2.4 Billion After Earnings Outlook Disappoints

Chinese restaurant chain Haidilao International said it will swing to a profit in the first half of the year, but the company’s stock still dropped almost 17% after revealing that its performance fell short of management’s expectations.

Source: https://www.forbes.com/sites/zinnialee/2021/07/26/hotpot-tycoon-sees-fortune-drop-24-billion-after-earnings-outlook-disappoints/

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