Why Airbnb Stock Is Down 16% In Wednesday Pre-Market
Portfolio Pulse from Benzinga Neuro
Airbnb Inc. (NASDAQ:ABNB) shares dropped by 15.84% in pre-market trading following a mixed Q2 earnings report. While sales exceeded expectations, earnings per share fell short. The company also forecasted a moderation in bookings for the upcoming quarter.
August 07, 2024 | 9:20 am
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Airbnb's stock dropped 15.84% in pre-market trading due to mixed Q2 earnings. Sales exceeded expectations, but EPS missed. The company also forecasted a moderation in bookings for the next quarter.
The significant drop in Airbnb's stock price is due to the mixed earnings report where sales exceeded expectations but EPS missed. Additionally, the forecast of a moderation in bookings for the next quarter has likely contributed to investor concerns.
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