Why Booking Holdings Stock Just Popped 5%
Travel website extraordinaire Booking Holdings (NASDAQ: BKNG) stock jumped 4.8% through 11:50 a.m. ET Thursday after thumping analyst forecasts for both sales and earnings last night.
Expected to earn $77.47 per share on $7.6 billion in sales for Q3 2024, Booking Holdings reported instead an $83.89-per-share profit (adjusted for one-time items) on just under $8 billion in sales.
Not all the news was great. Total sales at Booking Holdings grew 9% year over year, but net income held basically flat at $2.5 billion. And while Booking's adjusted earnings exceeded expectations, its net income per share for the quarter was only $74.34 -- less than a 7% increase year over year.
Source Fool.com
