Expedia Group shares are trading lower after the company reported worse-than-expected Q2 revenue results and reiterated FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Expedia Group's shares are trading lower following the company's Q2 revenue results, which were below expectations. The company also reiterated its FY23 guidance.
August 04, 2023 | 1:35 pm
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Expedia Group's stock is trading lower due to worse-than-expected Q2 revenue results. The company's FY23 guidance was reiterated, indicating no change in future expectations.
Expedia Group's Q2 revenue results were below expectations, which is a negative signal for investors and can lead to a decrease in the stock price. The reiteration of the FY23 guidance indicates that the company's future expectations remain unchanged, which may not be enough to offset the negative impact of the Q2 results.
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