Expedia Group Q2 EPS $2.89 Beats $2.32 Estimate, Sales $3.36B Miss $3.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Expedia Group reported Q2 earnings of $2.89 per share, beating the analyst consensus estimate of $2.32 by 24.57%. This is a 47.45% increase from the same period last year. However, the company's quarterly sales of $3.36 billion missed the analyst consensus estimate of $3.37 billion by 0.36%, though it's a 5.56% increase from last year.
August 04, 2023 | 2:22 pm
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Expedia Group's Q2 earnings beat estimates but sales missed estimates. Earnings per share increased by 47.45% YoY, while sales increased by 5.56% YoY.
Expedia Group's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100