MMYT - Here's Why MakeMyTrip Stock Is Making Big Gains
MakeMyTrip (NASDAQ: MMYT) stock has posted big gains following the release of its second-quarter earnings results. The India-based travel booking company closed out last week's trading up 18.2%, according to data from S&P Global Market Intelligence .
Easing travel restrictions helped power MakeMyTrip's earnings performance in Q2 significantly above the market's expectations. The company published its latest quarterly earnings on Oct. 26 and posted non-GAAP (adjusted) earnings per share of $0.09 on revenue $67.5 million, while the average analyst estimate guided for an adjusted per-share loss of $0.13.
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Here's Why MakeMyTrip Stock Is Making Big Gains