Expedia Stock Plunges After Q2 Report: The Details
Portfolio Pulse from Anusuya Lahiri
Expedia Group, Inc reported Q2 revenue growth of 6% YoY to $3.36 billion, slightly missing the consensus of $3.37 billion. Adjusted EPS of $2.89 beat the consensus of $2.32. Lodging gross bookings climbed 7% YoY to $19.2 billion. However, the company's stock plunged by 15.80% after the report.
August 04, 2023 | 2:02 pm
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Expedia's Q2 earnings report showed a slight miss on revenue but a beat on adjusted EPS. Despite this, the company's stock price fell significantly.
Expedia's Q2 earnings report showed a slight miss on revenue, which may have disappointed investors and led to the stock price drop. However, the company beat the consensus on adjusted EPS, indicating strong profitability. The significant drop in stock price suggests that the market reaction was more influenced by the revenue miss.
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