Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Airbnb, Inc. (ABNB) reported weak earnings, causing its shares to dip 15.8% in pre-market trading. Other companies like Cryoport, Inc. (CYRX), Tripadvisor, Inc. (TRIP), and Lyft, Inc. (LYFT) also saw significant declines due to disappointing quarterly results.
August 07, 2024 | 12:56 pm
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NEGATIVE IMPACT
Airbnb shares fell 15.8% to $109.68 after reporting worse-than-expected Q2 EPS and issuing weak Q3 revenue guidance.
Airbnb's Q2 EPS missed analyst estimates and the company issued weak Q3 revenue guidance, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Cryoport shares slipped 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.
Cryoport's weak quarterly sales led to a significant decline in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lyft shares declined 14.2% to $9.41 following disappointing Q2 financial results.
Lyft's disappointing Q2 financial results led to a significant decline in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tripadvisor shares fell 15.4% to $13.80 in pre-market trading after reporting worse-than-expected Q2 sales results.
Tripadvisor's Q2 sales results missed expectations, causing a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80