Booking Holdings Beats Q3 Expectations Thanks To Strong Summer Travel Season: The Details
Portfolio Pulse from Ryan Gustafson
Booking Holdings Inc. reported Q3 earnings of $72.32 per share, beating consensus estimates of $67.61. Revenue of $7.3 billion also exceeded the $7.26 billion estimate, marking a YoY growth of 21.3%. Gross travel bookings were $39.8 billion, up 24% from the prior year quarter. Despite the positive results, shares of BKNG were down 4.57% in the after-hours session.
November 02, 2023 | 9:21 pm
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Booking Holdings reported strong Q3 results, beating estimates. However, its stock price fell 4.57% in after-hours trading.
Booking Holdings reported better-than-expected Q3 results, indicating a strong business performance. However, the stock price fell in after-hours trading, suggesting that the market may have expected even better results or is reacting to other factors not mentioned in the news.
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