Booking Holdings: 2Q Earnings Snapshot
NORWALK, Conn. (AP) _ Booking Holdings Inc. (BKNG) on Wednesday reported second-quarter earnings of $979 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $22.44. Earnings, adjusted for non-recurring costs, came to $23.59 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $22.80 per share.
The online booking service posted revenue of $3.85 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $3.76 billion.
For the current quarter ending in October, Booking Holdings expects its per-share earnings to range from $43.60 to $44.60.
Booking Holdings shares have climbed almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $1,821.56, a decline of 12% in the last 12 months.