Booking Holdings Shares Jump Despite Earnings Miss

Published on: 06 Nov, 2018

Booking Holdings Inc. (NASDAQ: BKNG) reported its third quarter financial results after market close on Monday. Despite missing earnings estimates, the Company’s shares jumped by 7%, breaking the USD 2,000 share price threshold.

For the third quarter, Booking Holdings reported revenue of USD 4.84 Billion, increasing 11% year over year and topping analysts’ estimates of USD 4.8 Billion. The Company reported earnings per share of USD 37.78, increasing 7% year over year, but missing estimates of USD 38.21.

Third quarter gross travel bookings for Booking Holdings were USD 24.3 Billion, increasing 12% year over year.

Booking Holdings reported Agency revenue of USD 3.54 Billion, increasing narrowly from USD 3.52 Billion last year. Merchant revenue increased to USD 1.04 Billion from USD 684.28 Million the year prior. Advertising and other revenues was USD 258.55 Million, increasing USD 226.03 Million the year prior.

Booking Holdings reported 149.6 million rooms sold in the quarter, increasing 29.4% year over year. Rental cars were reported at 18 million, increasing 12.5% year over year, while airline ticket sales fell by 2.5%, reporting sales of 1.9 million tickets.

For the fourth quarter, Booking Holdings is forecasting revenue to increased between 13% to 16% year over year. On a non-GAAP basis, net income is expected to be between USD 880 Million and USD 905 Million. Diluted earnings per share is expected to be in the range of USD 18.90 to USD 19.40. Analysts are forecasting an EPS of USD 18.74.

Booking Holdings also forecasts room nights booked to increase 9% to 12% year over year. Total gross travel bookings is expected to increase 6% to 9%.

Booking Holdings shares have now increased 14.16% this year.

Ratings

Ratings
  • 137Views
  • 4Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Austin Chiu

Email: Austin@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

29 Jun, 2017 1018
13 Jul, 2017 735
30 Aug, 2017 11637
12 Sep, 2017 638

4 Comments

adork

Nov 07, 2018 at 10 36 pm

Обучение работы в Автокад на практие, опираясь на расчетно-графические видео самоучители Автокад, смотрите, читайте здесь.

REPLY (0)

Ror

Nov 08, 2018 at 12 10 am

Бесплатный самоучитель по Автокад на практических видеоуроках и иллюстрированных статьях, смотрите и читайте на сайте.

REPLY (0)

nab

Nov 11, 2018 at 08 27 am

Как нарисовать луч в Автокад с помощью инструмента луч, смотрите, читайте на сайте.

REPLY (0)

Brianshemi

Nov 23, 2018 at 12 57 am

Наши мастера отремонтируют любую крупную бытовую технику любой марки и модели, а также спроектируют и сделают Монтаж отопления под Ваши нужды.
Ремонт стиральных машин
Ремонт стиральных машин в Липецкой области
Ремонт посудомоечных машин
Ремонт варочных панелей
Ремонт духовых шкафов
Ремонт газовых котлов
Ремонт водонагревателей
Ремонт водонагревателей ТЕРМЕКС (THERMEX)
Ремонт кофемашин
Ремонт холодильников
Ремонт телевизоров
Запчасти для холодильников
Монтаж систем отопления
Установка водяного теплого пола
Замена газового котла
Монтаж отопления в загородном доме
Монтаж радиаторов отопления
Монтаж теплого пола
Основы отопления

REPLY (0)