Booking Holdings: 2Q Earnings Snapshot
Aug. 09, 2018
NORWALK, Conn. (AP) _ Booking Holdings Inc. (BKNG) on Thursday reported second-quarter net income of $977.4 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $20.13. Earnings, adjusted for one-time gains and costs, came to $20.67 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $17.44 per share.
The online booking service posted revenue of $3.54 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $3.44 billion.
For the current quarter ending in October, Booking Holdings expects its per-share earnings to range from $36.70 to $37.70.
Booking Holdings shares have risen 18 percent since the beginning of the year. The stock has dropped slightly in the last 12 months.