Why Airbnb Is a Hot Stock After-Hours Today
Investors apparently didn't expect much from Airbnb's (NASDAQ: ABNB) Q4 results on Thursday. During market hours, they pushed the stock's price lower by over 9%. But after those figures were released following market close, the shares were rising by nearly 3%.
In its first earnings release as a publicly traded company, Airbnb revealed that it took in revenue of $859 million. That was a queasy 22% drop from the same period one year ago, but it was far higher than the average analyst estimate of just under $740 million.
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Source Fool.com
