Booking Holdings shares fall on revenue miss and weak travel outlook
BKNG Booking Holdings Inc
$159.26 -2.59%
View chart & analysis → - 1Booking Holdings shares fell 2% in Tuesday after-hours trading.
- 2Booking Holdings reported third-quarter revenue of $8.9 billion, a 1% decrease from the previous year.
- 3Booking Holdings expects adjusted revenue growth of 0% to 2% for the fourth quarter.
So what's the key point?
Booking Holdings' third-quarter revenue of $8.9 billion was lower than last year. The stock price fell because future revenue growth is expected to be very low.
Source The Wall Street Journal +5 · View original ↗
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