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Booking Holdings: Q4 Earnings Snapshot

February 23, 2022 GMT

NORWALK, Conn. (AP) _ Booking Holdings Inc. (BKNG) on Wednesday reported fourth-quarter net income of $618 million, after reporting a loss in the same period a year earlier.

The Norwalk, Connecticut-based company said it had net income of $14.94 per share. Earnings, adjusted for non-recurring costs, were $15.83 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $12.73 per share.

The online booking service posted revenue of $2.98 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.9 billion.

For the year, the company reported profit of $1.17 billion, or $28.17 per share. Revenue was reported as $10.96 billion.

Booking Holdings shares have increased roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $2,469.83, an increase of nearly 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG