Booking Holdings blew past Wall Street expectations, sending its stock about 6% higher. Adjusted earnings came in at $2.54 per share, ahead of the $2.45 consensus, while revenue climbed 8% year over year to $7.35 billion. Gross bookings reached roughly $51 billion, topping the $49.4 billion analyst consensus by about $1.6 billion. Management kept its high-single-digit revenue-growth outlook intact but slightly trimmed its gross bookings forecast, citing international headwinds including higher airfares and disruptions tied to the Middle East.
Booking Holdings IncBeat earnings estimates and raised revenue outlook, driving shares up 6%
Uber Technologies Inc