Expedia Reports Q4 Results, Joins Pinterest, Affirm Holdings And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Expedia Group, Inc. (EXPE) reported Q4 earnings of $1.72 per share, surpassing estimates, with sales of $2.89 billion also beating expectations. The company announced Ariane Gorin as the new CEO and highlighted record lodging and hotel gross bookings growth. However, EXPE shares fell 13.3% in pre-market trading. Other stocks like PLCE, PINS, AFRM, TTWO, SSL, ABNB, SAVE, and ILMN also saw declines in pre-market trading due to various financial results and forecasts.
February 09, 2024 | 9:57 am
News sentiment analysis
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NEGATIVE IMPACT
Airbnb shares declined 3.4% in pre-market trading after a 2% gain on Thursday.
The pre-market decline in Airbnb's stock price suggests a correction following Thursday's gain.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Affirm Holdings shares dipped 10.4% in pre-market trading following its Q2 financial results.
The negative reaction to Affirm Holdings' Q2 financial results suggests a bearish short-term outlook for its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Expedia reported Q4 earnings above estimates and announced a new CEO, yet shares fell 13.3% in pre-market trading.
Despite beating earnings and sales estimates, the announcement of a new CEO and the initial market reaction led to a significant drop in Expedia's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Illumina shares declined 2.7% in pre-market trading following its Q4 results.
The decline in Illumina's stock price post-Q4 results suggests a negative investor reaction to the financial performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Pinterest shares tumbled 10.4% in pre-market trading after reporting mixed Q4 results and a lower-than-expected Q1 revenue forecast.
The mixed Q4 results and disappointing Q1 revenue forecast have led to a negative market reaction, impacting Pinterest's stock price negatively.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
The Children's Place shares fell 17.5% in pre-market trading.
The significant drop in pre-market trading indicates a negative short-term impact on PLCE's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Spirit Airlines shares fell around 3% in pre-market trading despite reporting a revenue beat for Q4 fiscal 2023.
Despite beating revenue estimates for Q4, Spirit Airlines' stock price has declined, indicating negative market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sasol Limited shares fell 6.5% in pre-market trading.
The pre-market decline indicates a negative short-term impact on Sasol Limited's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Take-Two Interactive shares declined 8.9% in pre-market trading after reporting a decrease in net bookings and lowering its 2024 forecast.
The decrease in net bookings and the lowered forecast for 2024 have negatively impacted investor sentiment, leading to a decline in Take-Two's stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90