Airbnb Earnings Top Estimates, But Stock Slips on Light Guidance

Airbnb posted better-than-expected third-quarter financial results, but provided fourth-quarter guidance that fell a little below Street estimates. The results provide an early look at the state of the travel industry, ahead of coming reports from Expedia, Booking.com and other players.

The short-term real-estate rental company’s stock is trading 3.4% lower in late trading Wednesday to $115.40. For the quarter, Airbnb posted revenue of $3.4 billion, up 18% from a year ago, and ahead of the Street consensus forecast as tracked by FactSet at $3.34 billion.Write to Eric J. Savitz at eric.savitz@barrons.com

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

CVS Earnings Top Estimates but Stock Drops as Outlook Is Slashed AgainCVS revises lower its guidance range for diluted GAAP earnings per share for the third straight quarter.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Informatica Cuts Staff 10%, Sets New $200 Million Buyback, As Earnings Top EstimatesIt posted quarterly revenue of $408.6 million, up 10% from a year ago, and earned 27 cents a share, up four cents.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Wingstop’s stock pops 7% after earnings beat estimates by a wide marginCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

These companies are slashing earnings estimates, but the market may have sniffed that out alreadyThe S&P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%.
Bron: CNBC - 🏆 12. / 72 Lees verder »

AGCO Stock Is Rising. Earnings Crushed Estimates.Farm-equipment maker AGCO saw 'robust demand' as third-quarter numbers beat estimates. It also raised guidance.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »