ASTS - Despegar.com Posts Strong Sales Joins Reddit Robinhood And Other Big Stocks Moving Higher On Friday | Benzinga
U.S. stocks were mixed, with the Dow Jones gaining around 0.1% on Friday.
Shares of Despegar.com, Corp. (NYSE:DESP) rose sharply during Friday's session after the company reported better-than-expected quarterly sales results.
Despegar.com posted GAAP earnings of 7 cents per share, versus market estimates of 15 cents per share. The company's quarterly sales came in at $173.700 million beating expectations of $171.556 million, according to data from Benzinga Pro.
Despegar.com shares jumped 19.7% to $15.01 on Friday.
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