EXPE - Expedia Shares Drop On Lower Guidance Analyst Downgrades: Details | Benzinga
Expedia Group, Inc. (NASDAQ:EXPE) shares are trading lower Friday after the company reported first-quarter results and lowered its full-year guidance.
The Details:
Expedia reported quarterly losses of 21 cents per share which beat the analyst consensus estimate of losses of 24 cents by 12.5%.
Quarterly sales came in at $2.89 billion, beating the analyst consensus estimate of $2.81 billion by 2.81% and representing a 8.41% increase over sales of $2.67 billion from the same period last year.
Total gross bookings were $30.2 billion, an increase of 3% compared to 2023, and lodging gross bookings were $21.9 billion, an increase of 4% compared to 2023. Hotel bookings ...