Booking Holdings: 2Q Earnings Snapshot
NORWALK, Conn. (AP) _ Booking Holdings Inc. (BKNG) on Thursday reported second-quarter profit of $122 million.
The Norwalk, Connecticut-based company said it had profit of $2.97 per share. Losses, adjusted for non-recurring gains, were $10.81 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $11.81 per share.
The online booking service posted revenue of $630 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $517.6 million.
Booking Holdings shares have decreased 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,751.79, a drop of roughly 2% in the last 12 months.